Prepare vaughns entry to record the exchange

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Reference no: EM133903626

Problem

Vaughn Company traded a used truck for a new truck. The used truck cost $42,900 and has accumulated depreciation of $38,610. The new truck is worth $52,910. Vaughn also a a cash payment of $51,480. Get the instant assignment help. Prepare Vaughn's entry to record the exchange.

Reference no: EM133903626

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