Bubey Company traded a used truck for a new truck. The used truck cost $30,000 and has
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Bubey Company traded a used truck for a new truck. The used truck cost $30,000 and has accumulated depreciation of $27,000. The new truck is worth $35,000. Bubey also made a cash payment of $33,000. Prepare Bubey’s entry to record the exchange. The exchange has commercial substance.
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Related Book For 
Intermediate Accounting principles and analysis
ISBN: 978-0471737933
2nd Edition
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
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