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Page 5 of 23 Question 5 (4 points) O February 1 Airway Services gives $24,000 cash and exchanges old equipment with a book value of

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Page 5 of 23 Question 5 (4 points) O February 1 Airway Services gives $24,000 cash and exchanges old equipment with a book value of S8000 (original cost $ 205,000) for now equipment with a fair value of $182,000. Assume the transaction oral substance Record the February 1 nonmonetary exchange entry. Please copy and to the blank table below into your answer field and type in the necessary information. Note that not all es may be needed Date Account Debit Credit Paragraph

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