Bramble Company purchased an electric wax melter on April 30, 2025, by trading in its old gas model and paying the balance in cash. The following data relate to the purchase. List price of new melter $20,200 Cash paid 12,800 Cost of old melter (5-year life, $800 salvage value) 14,300 Accumulated depreciationold melter (straight-line) 8,100 Secondhand fair value of old melter 6,700