4 The Bacon Company acquired new machinery with a price of $15,200 by trading in similar old machinery and paying $12,700. The old machinery originally cost $9,000 and had accumulated depreciation of $5,000. In recording this transaction, Bacon Company should record a loss of $1,500 the new machinery at $12,700 the new machinery at $16,700 a gain of $1,500 Previous Nexth 240 PM 8/6/2019 a Oo hp