Seve & Exit company's old machine that cost $40,000 and had accumulated depreciation of $22.000 was traded in on a new machine having an estimated 20-year afe with an invoice price of $45,000 The company also paid $33.000 cash, along with its old machine to acquire the new machine this transaction has commercial substance, the new machine should be recorded at 00 O O O $33.000 $40,000 $4500 000