Martin Company purchases a machine at the beginning of the year at a cost of $80,000. The machine is depreciated using the straight-line method. The machine's useful life is estimated to be 5 years with a $5,000 salvage value. The book value of the machine at the end of year 5 is: Multiple Choice $15,000 $75,000 $32,000 $5,000. so A company purchased equipment valued at $219,000. It traded in old equipment for a $101,000 trade-in allowance and the company paid $118,000 cash with the trade-in. The old equipment cost $190,000 and had accumulated depreciation of $95,000. This transaction has commercial substance. What is the recorded value of the new equipment? Multiple Choice $95,000 $101,000 $118,000 $213,000 $219,000