6. Great Coast Construction (GCC) exchanged a three-year-old excavator for a new excavator that had a list price of $160,000. The old excavator originally cost $175,000 and had accumulated depreciation of $45,000 to the date of exchange. In addition to the S145,000 trade- in given for the old excavator (which was the old asset's fair value), GCC paid $10,000 cash to complete the deal. The list price for the new excavator is considered unreliable Record the asset exchange. Date Account Titles Debit Credit