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please answer below: Rory City traded in a used pickup for a new pickup truck with a sticker price of $44,000. The old pickup had

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Rory City traded in a used pickup for a new pickup truck with a sticker price of $44,000. The old pickup had a fair value of $26,000, historical cost of $47,000, and accumulated depreciation of $18,000. The dealer took the old truck and $16,000 for the new truck. The new truck should be reported on the government-wide financial statements at O $15,000 $42,000 O $44,000 O $41,000QUESTION 15 Rory City traded in a used pickup for a new pickup truck with a sticker price of $44,000. The old pickup had a fair value of $26,000, historical cost of $47,000, and accumulated depreciation of $18,000. The dealer took the old truck and $16,000 for the new truck. The amount of gain or loss that should be recognized on this transaction in the government-wide financial statements is O $0. O $1,000 gain. O $3,000 loss. $1,000 loss

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