Schopenhauer Company exchanged an old machine, with a book value of \(\$ 39,000\) and a fair market value of \(\$ 35,000\), and paid \(\$ 10,000\) cash for a similar new machine. At what amount should the machine acquired in the exchange be recorded on the books of Schopenhauer?

a. \(\$ 45,000\).

b. \(\$ 46,000\).

c. \(\$ 49,000\)

d. \(\$ 50,000\).