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Prepare the entry to record the exchange

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Reference no: EM131140353

1. Assume the same information as BE10-15, except that the fair market value of the old delivery equipment is $38,000. Prepare the entry to record the exchange. 

Reference no: EM131140353

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Prepare the entry to record the exchange : Assume the same information as BE10-15, except that the fair market value of the old delivery equipment is $38,000. Prepare the entry to record the exchange.
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