TEXT Pobd OotecFuelealyable F. Depletion Expense K. Notes Payable B. Accumulated Depletion G. Equipment L. Notes Receivable C. Accumulated Depreciation-Equipment H. Gain on Disposal of Fixed Assets M. Research and Development D. Amortization Expense-Patents I. Goodwill Expense E. Cash J. Loss on Disposal of Fixed Assets N. Patents For For TRANSACTIONS Debit Scoring Credit Scori 0. Recorded amortization of patents, $12,500 D 0. N 0. 1-2. Traded in old equipment for similar equipment priced at $75,000, receiving a trade-in allowance of $8,000 and paying the balance in cash. (Cost of the old equipment was $37,500; accumulated depreciation, $30,000)