A company's old machine that cost $57.000 and had accumulated depreciation of $45,300 was traded in on a new machine having an estimated 20 yearlie with an invoice price of $68,700 The company also paid $58,300 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 $68.700 $57000 $70,000 $11700