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Peaches exchanged a used truck (cost 40,000, accumulated depreciation 25,000) for a small car worth 13,300. Peaches also paid 5,000 in the transaction. If exchange
Peaches exchanged a used truck (cost 40,000, accumulated depreciation 25,000) for a small car worth 13,300. Peaches also paid 5,000 in the transaction. If exchange has commercial substance cost of car would be: "
"$13,300 "
"$18,300 "
"$15,000 "
"$20,000 "
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