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Business, 18.08.2019 01:10 sara12340

On january 1, feld traded a delivery truck and paid $10,000 cash for a tow truck owned by baker. the delivery truck had an original cost of $140,000, accumulated depreciation of $80,000, and an estimated fair value of $90,000. feld estimated the fair value of baker's tow truck to be $100,000. the transaction had commercial substance. what amount of gain should be recognized by feld? a. $0b. $3,000c. $10,000d. $30,000

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On january 1, feld traded a delivery truck and paid $10,000 cash for a tow truck owned by baker. the...
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