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Question 11 (5 points) On April 23, Norton Corp. trades in a truck costing $55,300 and having accumulated depreciation of $32,900 for new machinery with

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Question 11 (5 points) On April 23, Norton Corp. trades in a truck costing $55,300 and having accumulated depreciation of $32,900 for new machinery with a fair value of $21,000 and also receiving $3,300 in cash. Assume the transaction lacks.commercial substance Record the April 23 nonmonetary exchange entry. Please copy and paste the blank table below into your answer field and type in the necessary information. Note that not all lines may be needed. Date Account Debit Credit 10 . Paragraph BIU - A i E 3 Page 11 of 23

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