The company exchanged a piece of land for a new piece of equipment. The equipment has a

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The company exchanged a piece of land for a new piece of equipment. The equipment has a list price of $100,000, and the land has a historical cost of $35,000. The land has a current market value of $97,300. Make the journal entry necessary to record the exchange.
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Intermediate Accounting

ISBN: 978-0538479738

18th edition

Authors: Earl K. Stice, James D. Stice

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