Question: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 be machine acquired in the exchange be recorded on Schopenhauer's books? 

A $45,000 
B $46,000 
C $49,000 
D $50,000 

+ Answer
A 

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Md. Saydul Alam

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