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    nooran's Avatar
    nooran Posts: 1, Reputation: 1
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    #1

    Jan 17, 2011, 05:01 AM
    Please prepare journal entry to record the exchange transaction
    XYZ company exchange used truck plus cash for vacant land that might be used for a future plant site. The truck has a value of US$42000 ($64000 less $22000) accumulated depriciation). XYZ's purchasing agent, who has previous dealings in the second hand market,indicates that the truck has a fair market value of US$49000 in addition to the truck, XYZ must pay US$17000 cash for the land.
    tickle's Avatar
    tickle Posts: 23,796, Reputation: 2674
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    #2

    Jan 17, 2011, 05:08 AM

    Are you asking us to do this for you ? Sorry, at best we can give you some minimal assistance to complete your task,but we can't do this for you. That is, if we happen to have this type of expert available.
    Tick
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