Equipment was initially acquired for $20,000 and has accumulated depreciation of $82,000. The business exchanges this equipment for new equipment. The new equipment has a market value of $122,000 and the business pays $52,000 cash. Assume the exchange has commercial substance. The journal entry for the exchange would be 122,000 82,000 50,000 202,000 52,000 202,000 82,000 52,000 120,000 216,000 O A Equipment (new) Accumulated Depreciation - Equipment Loss on Disposal Equipment (old) Cash B. Equipment (old) Accumulated Depreciation - Equipment Cash Equipment (new) Gain on Disposal C. Equipment (new) Loss on Disposal Accumulated Depreciation - Equipment Equipment (old) Cash OD. Equipment (new) Accumulated Depreciation - Equipment Loss on Disposal Cash Fouinment fold 122.000 172,000 82,000 202,000 10,000 0 122,000 172,000 40,000 52,000 2n2 000 Click to select your