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Business, 27.08.2019 05:10 sihamabdalla591

Campbell corp. exchanged delivery trucks with highway, inc. campbell's truck originally cost $23,000, its accumulated depreciation was $20,000, and its fair value was $5,000. highway's truck originally cost $23,500, its accumulated depreciation was $19,900, and its fair value was $5,700. campbell also paid highway $700 in cash as part of the transaction. the transaction lacks commercial substance. what amount is the new book value for the truck campbell received?

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