Assigning Value to Assets in Nonmonetary Exchange Lacking Commercial Substance

Mariot trades in its old equipment $($with the following carrying values$)$ for new equipment. Mariot received $$6,400$ cash on the exchange. The fair value of the new equipment is $$22,400.$

Original cost of old equipment $$16,000$

Accumulated depreciation on old equipment $$9,600$

If the transaction lacks commercial substance, what amount does Mariot assign to the new equipment?