Question: Answer and Explain please China Inn and Midwest chicken exchanged assets. China Inn received a delivery truck and gave equipment. The fair value and book

Answer and Explain please

China Inn and Midwest chicken exchanged assets. China Inn received a delivery truck and gave equipment. The fair value and book value of the equilibrium were $18,000 and $10,400 (original accumulated depreciation of $26600), respectively. To equalize market values of the exchanged assets, China inn paid $8.200incash to Midwest chicken. At what amount did China Inn record the delivery truck? How much gain or loss did china Inn recognize on the exchange

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