A company purchased equipment valued at $56,000. I traded in old equipment for a $9.000 trade in stowance and the company paid $57000 with the trade-in. The old equipment cost $44,000 and had accumulated depreciation of $36.000. This transaction has commercial substance. Wha the recorded value of the new equipment? Multiple Choice $57.000 58.000 $65.000 $66.000 39. DOO 11 M A company used straight-line depreciation for an item of equipment that cost $12,000, had a salvage value of $2.000 and a five-year useful tte Are depreciating the asset for three complete years, the salvage value was reduced to 51.200 but its total useful life remained the same. Determine the amount of depreciation to be charged against the equipment during each of the remaining years of its useful life Multiple Choice $2.000 $1000 D 55.400 SUBO o 52.400