Assigning Value to Assets in Nonmonetary Exchange Lacking Commercial Substance Mariot trades in its old equipment for new equipment with a $9,600 fair value. Mariot paid $5,600 cash on the exchange. Original cost of old equipment $8,000 Accumulated depreciation on old equipment $4,800 If the transaction lacks commercial substance, what amount does Mariot assign to the new equipment? Amount assigned to new equipment $ 0