This Question: 2 pts 10 of 10 (8 complete) This Quiz: 20 pls possible Equipment costing $130,000 has accumulated depreciation of 594,000. The equipment is a trade-in for new equipment costing 5190,000 If the trade-in value received for the old equipment is $38,000, the journal entry to record this transaction is to: O A. debit Equipment (New) for $190,000, debit Accumulated Depreciation - Equipment for 594,000, debit Loss on Exchange of Assets for $36.000, cred Equipment (Old) for $130,000, credit Cash for $190,000 O B. debit Equipment (New) for $190,000, debit Accumulated Depreciation - Equipment for $94,000, credit Equipment (Old) for $130,000 and cred Cash for $154,000 O C. debit Equipment (New) for $190,000, and credit Cash for $190,000 O D. debit Equipment (New) for $190,000, debit Accumulated Depreciation - Equipment for $94.000, credit Gain on Exchange of Assets for $2,000, credit Equipment (Old) for $130,000 and credit Cash for $152,000 Click to select your