A company exchanged an old machine, which originally cost $33,000 and has accumulated depreciation to date of $18,000, for a new machine. The old machine had a fair value of $21,000. The cost of the new machine should be recorded at $___________.

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The Answer of A company exchanged an old machine, which originally cost $33,000 and has accumulated depreciation to date of $18,000, for a new machine. The old machine had a fair value of $21,000. The cost of the new machine should be recorded at $___________.

A Company Exchanged an Old Machine, Which Originally Cost $33,000