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Question 21 5 pts Star Co. exchanged a piece of equipment that had cost $40,000 (now 75% depreciated) for a truck with a current appraised

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Question 21 5 pts Star Co. exchanged a piece of equipment that had cost $40,000 (now 75% depreciated) for a truck with a current appraised value of $15,000. Star Co. gave the other company the piece of equipment and $8,000. The exchange has commercial substance. Star Co. should record O a $3,000 loss a gain of $13,000 the truck at $23,000 the truck at $18,000

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