HUVIK. Urepel J TIUITICVUI 4 of 10 (0 complete) HW Score: 0%, 0 Score: 0 of 1 pt T19A-7 (similar to) Question He 7A. Apex Inc, purchased equipment for $15,000. Apex recorded lotal depreciation of $11,000 on the equipment. Assume that Apex exchanged the old equipm new equipment, Darying $5 200 cash. The tal market value of the new equipment is $9,000. Journale Apex's exchange of equipment Assume this exchange commercial substance Let's begin by calculating the gain or loss on the exchange of equipment (Enter a loss with a minus sign or parentheses.) Market value of assets received Less Book value of asset exchanged Cash paid Gain or (LOSS) Enter any number in the edit fields and then click Check Answer pe here to search Isole 1xcvN apter 9 homework Save 4 of 10 ( complete) HW Score: 0%, 0 of 25 pts Question Help entfor $15,000. Apex recorded total depreciation of $11,000 on the equipment. Assume that Apex exchanged the old equipment for sh. The market value of the new equipment is 59.000 Joumace Apexsexchange of equipment Assume this exchange has ain or loss on the exchange of equipment (Enter a loss with a minus sign or parentheses) edit selds and then click Check Answer Check Answer t shirt