Quostion 5 Heritage Co. traded equipment with an original cost of $100,000 and accumulated depreciation of $20,000 for a new piece of equipment with a fair value of $90,000. In addition, Heritage Co. paid $10,000 cash. Not yet answered Points out of 3.00 Assume the exchange lacks commercial substance. What should Heritage Co, record as the cost of the new asset? Flag question Select one: a. $72,000 b. $80,000 c. $82,000 d. $90,000 e. $100,000 Question 6 An old truck, which cost $51,600 and was two-thirds depreciated, was exchanged for a tractor with a fair value of $52,000; $34,000 cash was paid for the tractor. The exchange had commercial substance. At what amount should the tractor be recorded? Not yet answered Points out of 3.00 Select one: O a. $85,600 Flag question b. $17,200 c. $51,200 d. $51,600 e. $52,000