A company's old machine that cost $50,000 and had accumulated depreciation of $39,000 was traded in on a new machine having an estimated 20 year life with an invoice price of $61,000. The company also paid $52,000 cash, along with its old machine to acquire the new machine. If this transaction has commercial substance, the new machine should be recorded at Multiple Choice 550.000 $59.000 361.000 563.000 St00