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A fixed asset with a cost of $ 2 6 , 5 6 9 and accumulated depreciation of $ 2 3 , 9 1 2

A fixed asset with a cost of $26,569 and accumulated depreciation of $23,912 is traded for a similar asset priced at $41,133(fair market value) in a transaction with commercial substance. Assuming a trade-in allowance of $4,354, at what cost will the new equipment be recorded in the books?
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