What amount of gain should b and v report on transaction, Accounting Basics

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What amount of gain should b and v report on transaction

B&V Enterprises exchanged a used crane with an original cost of $200,000 and accumulated depreciation of $140,000 for a truck with a fair market value of $100,000. B&V also paid cash of $25,000. What amount of gain should B&V report on this transaction?

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Accounting Basics: What amount of gain should b and v report on transaction

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Accounting Basics: What amount of gain should b and v report on transaction

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