The Bacon Company acquired new machinery with a price of $15,200 by trading in similar old machinery andpaying $12,700 . The old machinery originally cost $9,000 and had accumulated depreciation of $5,000 . Inrecording this transaction, Bacon Company should record
a. a loss of $1,500
b. the new machinery at $16,700
c. a gain of $1,500
d. the new machinery at $12,700
a
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