Answer:
1
Cr Truck equipment_______________27600
Db Accumulate depreciation__24840
Db Computer______________4554
Cr Cash__________________________690
Db Loss on Fixed asset sale___1104
Step-by-step explanation:
When there is commercial substance (which is when there is a change in cash flow resulting from the transaction), the parties should recognize a gain or loss on the exchange. If there is no commercial substance, record the acquired asset at the book value of the asset given up in the exchange