A machine that cost $40,000 and had been amortized $30,000 was traded in on a new truck having an estimated 20-year life and priced at $50,000. If a $7,000 trade-in allowance was received on the old machine, the new machine is recorded in the accounts at: a. $40,000 b. $47,000 C. $50,000 d. $53,000 e. some other amount. X-Ray Company sold for $6,000 an x-ray machine that originally cost $10,000. The accumulated amortization on this machine was $4,000. X-Ray Company's gain (loss) on this sale is: a. $ 0 b. $ 2,000 C. $ 4,000 d. $ (6,000) e. $ 10,000 . Chester Company had a bulldozer destroyed by fire. The bulldozer originally cost $16,000, but insurance paid only $14,200. Accumulated amortization on this bulldozer was $2,000. The gain (loss) from the fire is: a. $ -O- b. $ 200 C. $ (200) d. $(14,000) A $116.000)