Metlock Company purchased equipment on January 2, 2013, for $113,300. The equipment had an estimated useful life of 5 years with an estimated salvage value of $13,000. Metlock uses straight-line depreciation on all assets. On January 2, 2017, Metlock exchanged this equipment plus $10,900 in cash for newer equipment. The old equipment has a fair value of $46,400. Prepare the journal entry to record the exchange on the books of Metlock Company. Assume that the exchange has commercial substance.

Only help me to calculate the accumulated depreciation of equipment please.