Bought equipment in 2010 for $17000 (dep 5 years) & on 1/12/12 for $3000( sec 179 in 2012). In 6/17, I bought new equipment and private saled the old pair for 15500- used this check and the proceeds from the bank loan for the new equipment that I purchased for 42,200. The bank had me deposit the check and then combined the check amount plus the proceeds from the loan to pay for the new equipment to the dealer.
