Remaining Time 1 hour, 40 minutes, 27 seconds. Question Comp & Moving to anther question will save this response Question 11 of 12 Question 11 4 points Equipment is exchanged for similar Equipment with a cost of $35,000 and a trade in allowance of $4,500. The original Equipment has a cost of $25,000 and Accumulated Depreciation of $20,000. The transaction has commercial substance. The Journal Entry for the exchange will include a Equipment recorded with al , and a f to Equipment of to Cash of to Accumulated Depreciation of of $500. The new equipment will be There will be a & Moving to another questi al save this response dtv MacBook Air Question 11 of 12