Record disposal by exchange of equipment. (SO 4) AP Pacord danreciation ment, and (c) record the sale of the equipment if Mitra Company received $9,000 cash for it. BE9-14 Subramanian Company has equipment with an original cost of $95,000 and, as at December 31, 2013, accumulated depreciation of $78,000. On January 7, 2014, Subramanian exchanges the equipment for new equipment with a list price of $110,000. The dealer gives Subramanian a $20,000 trade-in allow ance on the old equipment even though its fair value is only $15,000. Record the January 7, 2014, journal entry for the equipment exchange. REQ 15 Con Mining Co purchased a mine for $6.5 million that is estimated to have 25 million tonnes