Business, 04.04.2020 08:06, yair7

Larkspur, Inc. exchanges old delivery equipment for new delivery equipment. The book value of the old delivery equipment is $36,900 (cost $66,400 less accumulated depreciation $29,500). Its fair value is $45,500, and cash of $5,300 is paid. Prepare the entry to record the exchange.

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Larkspur, Inc. exchanges old delivery equipment for new delivery equipment. The book value of the ol...