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| Amble, Inc. exchanged a truck with a carrying amount of $12,000 and a fair value of $20,000 for a truck and $2,500 cash. The cash fl ows from the new truck are not expected to be significantly different from the cash fl ows of the old truck. The fair value of the truck received was $17,500. At what amount should Amble record the truck received in the exchange? A. $ 7,000 B. $ 9,500 C. $10,500 D. $17,500 |
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