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Bacon Company acquired new machinery with a price of $13,875 by trading in similar old machinery and paying $12,487.50. The old machinery originally cost $3,822

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Bacon Company acquired new machinery with a price of $13,875 by trading in similar old machinery and paying $12,487.50. The old machinery originally cost $3,822 and had accumulated depreclation of $7,057.60. In recording this transaction, Bacon Company should record L. * rain er $37650 h. the sew machinery at $12,110.00 c. a los of 517690 d. the thew mactitary m$12,41750

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