Question: 132. EC exchanged an old widget-making machine (Model A) that originally cost $46,000 (accumulated amortization , $37,400) plus $10,000 cash for an improved widget-making machine

132.EC exchanged an old widget-making machine (Model A) that originally cost $46,000 (accumulated amortization, $37,400) plus $10,000 cash for an improved widget-making machine (model B) owned by. IC originally acquired the Model B machine for $77,000 (accumulated amortization to date, $42,000).EC machine has a current market value of $5,000 and ICs has a current market value of $20,000. These are similar assets. EC should record the cost of the Model B widget-making machine acquired at

A. $15,000.

B. $17,600.

C. $18,600.

D. $20,000

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