Equipment costing $86,000 has accumulated depreciation of $57,000. The equipment is a trade-in for new equipment costing $114,464. If the trade - in value received for the old equipment is $25,000, the journal entry to record this transaction is to: O A debit Equipment (New) for $114,464, debit Accumulated Depreciation-Equipment for $57,000, debit Loss on Exchange of Assets for S4,000 credit Equipment Old for $86,000 O B debit Equipment (New) for $114,464, debit Accumulated Depreciation-Equipment for S57 000 debit Loss on Exchange of Assets for S29,000, credit Equipment Old for O C. debit Equipment (New) for $114,464, debit Accumulated Depreciation Equipment for $57,000, credit Equipment (Old) for $86,000 and credit Cash for S114,464. and credit Cash for $89,464 $86,000, credit Cash for $114,464 debit Equipment (new) $114,464, credit Cash $1 14,464 D