A company's old machine that cost $55,000 and had accumulated depreciation of $43,500 was traded in on a new machine having an estimated 20 -year life with an invoice price of $66,500. The company also paid $56,500 cash, along with its old machine to acquire the new machine. If this transaction has commercial substance, the new machine should be recorded at: $68,000. $11,500. $66,500. $55,000. $65,000