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Tamarisk's Delivery Company and Overland's Express Delivery exchanged delivery trucks on January 1, 2019. Tamarisk's truck cost $22,000. It has accumulated depreciation of $15,500 and
Tamarisk's Delivery Company and Overland's Express Delivery exchanged delivery trucks on January 1, 2019. Tamarisk's truck cost $22,000. It has accumulated depreciation of $15,500 and a fair value of $3,300. Overland's truck cost $9,000. It has accumulated depreciation of $7,200 and a fair value of $3,300. The transaction has commercial substance. Journalize the exchange for Tamarisk's Delivery Company. (Credit account titles are aut Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS Your answer is partially correct. Try again. Journalize the exchange for Overland's Express Delivery. (Credit account titles are automa Account Titles and Explanation Debit Credit Equipment X Accumulated Depreciation Equipment Equipment X Gain on Disposal of Plant Assets
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