Requirea A Company exchanged its old equipment for a new one. The old equipment had a book value of $6,000 and an accumulated depreciation of $15,000 at the date of disposal. The exchange results in a loss of $2,300 and the company paid cash of $6,000. What is the cost of the new equipment? $8,700 $9,700 $13,300 0 $14,300 None of the above 1211YZQmJMcdw/formResponse What was the cost of the old equipment? $6,000 $17,000 $21,000 O $22,300 None of the above What was the fair value of the old equipment? O $3,700 O $6,300 O $6,700 $8,300