Baxter Company transferred Equipment to Maize and Blue Company in exchange for Machinery of Maize and Blue. Assume that this transaction has commercial substance for both company$$s

Baxter Company equipment transferred to Maize and Blue

Original Cost $$25,000$

Accum. Deprec. $15,000$

Cash Received $5,000$

Fair Market Value of

Truck Given $23,000$

Maize and Blue Transfer of machine to Baxter

Original Cost $25,000$

Accum. Deprec. $9,000$

Cash Given $5,000$

Fair Market Value of

Truck Given $18,000$

The cost of the machine to be recorded on Baxter's books is: