A company bought new heating system for $54,000 and was given a trade-in of $2,400 on an old heating system, so the company paid $51,600 cash with the trade-in. The old system had an original cost of $48,300 and accumulated depreciation of $44,200. If the transaction has commercial substance, the company should record the new heating system at:
a. $2,400.
b. $4,100.
c. $51,600.
d. $54,000.
e. $55,700.
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