Question 2 Not changed since last attempt Marked out of 1.00 P Flag question Assigning Value to Assets in Nonmonetary Exchange with Commercial Substance Mariot Inc. trades its old equipment for new equipment with a $4,800 fair value. Mariot paid $2,800 cash on the exchange. Original cost of old equipment Accumulated depreciation on old equipment 3.200 $4,000 If the transaction has commercial substance, what amount does Mariot assign to the new equipment? Amount assigned to new equipment $ Previous Save Answers MacBook Pro Search or type URL