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Please help me with this accounting question > Question 7 1 pts A company decides to exchange its old machine and $231,000 cash for a

image text in transcribedPlease help me with this accounting question

> Question 7 1 pts A company decides to exchange its old machine and $231,000 cash for a new machine. The old machine has a book value of $189,000 and a fair value of $210,000 on the date of the exchange. The cost of the new machine would be recorded at $420,000. $441,000. $399,000. cannot be determined

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