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Komok [63]
3 years ago
11

Amble, inc., exchanged a truck with a carrying amount of $12,000 and a fair value of $20,000 for another truck and $5,000 cash.

the fair value of the truck received was $15,000. the exchange was not considered to have commercial substance. at what amount should amble record the truck received in the exchange?
Business
1 answer:
Anestetic [448]3 years ago
7 0
The answer is 15,000
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