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What the amount x will record

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X Company exchanged a truck purchased for $120,000 with $20,000 in Accumulated Depreciation for a truck with a market value of $101,000. If the exchange is determined to lack commercial substance, X will record?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132315947

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