Solved: The used truck cost 45440 and has accumulated depreciation, Accounting Basics

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The used truck cost 45440 and has accumulated depreciation

Question - Slaton Corporation traded a used truck for a new truck. The used truck cost $45,440 and has accumulated depreciation of $38,624. The new truck is worth $79,520. Slaton also made a cash payment of $74,976.

Prepare Slaton's entry to record the exchange?

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Accounting Basics: The used truck cost 45440 and has accumulated depreciation

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Accounting Basics: The used truck cost 45440 and has accumulated depreciation

Reference No:- TGS02861118

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