Job Sales traded a truck they had owned for some time,in an even like-kind exchange for another truck.The original truck had been purchased by Job for $36,000,and had accumulated depreciation of $30,000 at the time it was exchanged.The truck Job received in exchange was valued at $8,000.Please provide the journal entry for this transaction.
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Question

Job Sales traded a truck they had owned for some time,in an even like-kind exchange for another truck.The original truck had been purchased by Job for $36,000,and had accumulated depreciation of $30,000 at the time it was exchanged.The truck Job received in exchange was valued at $8,000.Please provide the journal entry for this transaction.
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\hline & & \\hline & & \\hline & & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Job Sales traded a truck they had owned for some time,in an even like-kind exchange for another truck.The original truck had been purchased by Job for $36,000,and had accumulated depreciation of $30,000 at the time it was exchanged.The truck Job received in exchange was valued at $8,000.Please provide the journal entry for this transaction.
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Job Sales Traded a Truck They Had Owned for Some $\begin{array} { | l | l | l | } \hline \quad\quad& \quad&\quad \\\hline & & \\\hline & & \\\hline & & \\\hline\end{array}$