A company bought new heating system for $40,000 and was given a trade-in of $2,500 on an old heating system, so the company paid $37,500 cash with the trade-in. The old system had an original cost of $35,000 and accumulated depreciation of $31,500. If the transaction has commercial substance, the company should record the new heating system at: Skipped Multiple Choice $40,000. $2,500. 0 $3,500 $3,500. o $41,000. $37,500