On 9/1, a company trades a used piece of equipment for a new one. The old equipment was purchased for $100,000 and, on 9/1, accumulated depreciation was $40,000. A professional appraiser estimates the fair value of the old equipment to be $45,000. The company pays $6,000 cash in the transaction. Which of the following statements are correct? (select all that apply - i.e., just one or as many as all of them) An income statement account will be debited for $15,000 Cash will be debited for $6,000 Accumulated depreciation will be debited for $60,000 A loss will be debited for $6,000 The new equipment account will be debited for $51,000 An income statement account will be credited for $15,000 The new equipment account will be debited for $45,000 ( The old equipment account will be credited for $100,000 (continued from the previous question) Suppose that, instead of paying $6,000, the company had received $6,000 in the exchange. Which of the following statements would be correct? (select all that apply - i.e., just one or as many as all of them) The new equipment account would be debited for a lower amount No entry would be required The old equipment account would be credited for a lower amount The amount debited to a Loss account would remain the same ( Again would be credited for $6,000 Accumulated depreciation would be debited for $34,000