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sarasota compnay exchanges old delivery equipment for new delivery equipment. the bppl value of the old delivery equipment is 50700 (cost 80400 less accumulated depreciation

sarasota compnay exchanges old delivery equipment for new delivery equipment. the bppl value of the old delivery equipment is 50700 (cost 80400 less accumulated depreciation 29700) its fair value is 229000 and cash of 6200. prepare the entry to record the exchange, assuming the transaction has commerical substance

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