January 5th Problem: Traded in all of used computer equipment with a fair value of $13,200,000., and received in exchange new computer equipment (useful life: 10 years, salvage value: 1,947,040) with a fair value of $8,000,000 plus cash of $500,000. Double-declining method will be used.

Please explain how the answers in this JE is obtained!! Thank you!!

Computer Equipment 12,500,000 nuary 5th \begin{tabular}{|l|r|} \hline Computer Equipment - New & $11,947,059 \\ \hline Accumulated Depreciation - Computer Equiment & 100,000 \\ \hline Cash & 500,000 \\ \hline \end{tabular} Computer Equipment - Old Gain on Disposal - Computer Equipmen