A fixed asset with a cost of $20,044 and accumulated depreciation of $18,040 is traded for a similar asset priced at $56,513 (fair market value) in a transaction with commercial substance. Assuming a trade-in allowance of $5,369, at what cost will the new equipment be recorded in the books? Ca. $51,1441 b. $56,513 Oc. $58,517 Od. $53,148