Assigning Value to Assets in Nonmonetary Exchange with Commercial Substance Mariot Inc. trades its old equipment for new equipment with a $33,600 fair value. Mariot paid $19,600 cash on the exchange. Original cost of old equipment $28,000 Accumulated depreciation on old equipment 22,400 If the transaction has commercial substance, what amount does Mariot assign to the new equipment? Amount assigned to new equipment $