Tamarisk Inc. traded a used vehicle (cost $22,600, accumulated depreciation $20,000) for another used vehicle with a fair value of $3,160. Tamarisk also paid $340 cash in the transaction. Prepare the journal entry to record the exchange, assuming the transaction lacks commercial substance. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Marin Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1.5 million on March 1, $1.2 million on June 1, and $4 million on December 31. Marin Company borrowed $1.3 million on March 1 on a five-year, 11% note to help finance the building construction. In addition, the company had outstanding all year a $2-million, five-year, 13% note payable and a $3.7-million, four-year, 17% note payable. Calculate the appropriate capitalization rate on general borrowings that would be used for capitalization of borrowing costs. (Round answer to 2 decimal places, e.g. 52.75%.)