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Pensacola Inc. exchanged old equipment for new equipment in two exchange transactions. Each transaction has commercial substance. 11 old Equipment Book Value Fair Value $73,

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Pensacola Inc. exchanged old equipment for new equipment in two exchange transactions. Each transaction has commercial substance. 11 old Equipment Book Value Fair Value $73, 100 $80,400 $61,000 $55,200 Cash Received $11,500 $ 9,200 2.34 points Equipment A Equipment B X 01:55:36 For Equipment A. Pensacola would record the new equipment at: eBook Print Multiple Choice $68.900. $70.400. O $73,150

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