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Record the transaction for olympia construction

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Reference no: EM132698670

On September 12, Olympia Construction trades a truck with the historical cost of $24,000 and a fair market value of $18,000 for a cement cuter. The cement cutter belonged to Chi Brothers Construction and had a historical cost of $22,000 and a fair market value of $18,000.

Problem a. Record the transaction for Olympia Construction.

Reference no: EM132698670

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