2. On September 30, 2008, the company exchanged old delivery equipment and $24,000 for new delivery equipment. The old delivery equipment was purchased on January 1, 2006, for $84,000 and was estimated to have a $12,000 salvage value at the end of its 5-year life. Depreciation on the delivery equipment has been recorded through December 31, 2007. It is estimated that the fair market value of the old delivery equipment is $36,000 on September 30, 2008 Instructions Prepare the journal entries to record the following transactions for Bryant Company which has a calendar year end and uses the straight-line method of depreciation