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Business, 24.12.2019 02:31 isabellam646

Rapid city traded in a used pickup for a new pickup with a sticker price of $44,000. the old truck had a historical cost of $40,000, accumulated depreciation of $16,000, and a fair value of $27,000. the dealer took the old truck and $13,000 cash for the new truck. what is the amount of gain/loss that should be reported in the general fund financial statements?

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