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QUESTION 10 Doran traded a vehicle with a historical cost of $7,000, accumulated depreciation of $3,000 and a fair value of $4,500 for a trademark.

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QUESTION 10 Doran traded a vehicle with a historical cost of $7,000, accumulated depreciation of $3,000 and a fair value of $4,500 for a trademark. Doran also paid $600 as part of the transaction. Doran will recognize: O A No gain or loss, B. A gain of $1,100, C. A loss of $100 D. A gain of $500

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