13.09 ill 4G 4 < Chapter 9-Investments: Property, Pl... 8/14 Sheet 8.Multiple-Choice(5 Points) Medium A company's old machine that cost $40,000 and had accumulated depreciation of $30,000 was traded in on a new machine having an estimated 20-year life with an invoice price of $50,000. The company also paid $43,000 cash, along with its old machine to acquire the new machine. If this transaction has commercial substance, the new machine should be recorded at: A $40,000. B $47,000. C $50,000. D $53,000. next