Part 2: Asset Exchange
The following productive asset exchange has no commercial substance.
	Able's	Baker's
	Truck	Truck
Cost	20,000	18,000
Accumulated depr.	12,000	10,000
Market value	15,000	12,000
Cash Received (Given)	3,000	(3,000)
Potential gain
Realized gain
Deferred gain
Make the entry for Able's receipt of Baker's truck
		Debit	Credit
Make the entry for Baker's receipt of Able's truck
		Debit	Credit