Natalis owns a machine that has a net book value of $40,000 and a fair market value of $36,000. The old machine is traded in for a new dissimilar machine (hint: gain/loss recognition appropriate) that has a list price of $50,000. In addition to giving up the old machine, Natalis pays $12,000 in cash. The new machine should be recorded at: Multiple Choice $70,000 O $52,000 O $48,000 O (0) $36.000 O None of the other alternatives are correct