Navajo corporation traded a used truck for a small computer


Question - Navajo Corporation traded a used truck (cost $51,380, accumulated depreciation $46,242) for a small computer with a fair value of $8,478. Navajo also paid $1,285 in the transaction.

Prepare the journal entry to record the exchange.

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Accounting Basics: Navajo corporation traded a used truck for a small computer
Reference No:- TGS02861116

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