Strider Corporation traded a used truck (cost $20,000, accumulated depreciation $18,000) for a small computer worth $3,700.
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Strider Corporation traded a used truck (cost $20,000, accumulated depreciation $18,000) for a small computer worth $3,700. Strider also paid $1,000 in the transaction. Prepare the journal entry to record the exchange, assuming it has commercial substance.
CorporationA Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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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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