How would your answer change, if at all, if the $220,000 cash price were not available?  how the entry to record the acquisition of the machine would change if the $220,000 cash price were not available. The cost of the machine is the note payable plus the preferred stock. The cost of the machine is the book value to the seller. The cost of the machine is the note payable plus the preferred stock issued less cash paid. The cost of the machine is the discounted note payable plus the preferred stock issued plus the cash paid.est supports the entry to record the cost of the machine. If the fair value of the asset received is more clearly evident than the fair value of the asset surrendered, it can be used to measure the cost of the asset acquired. Assets acquired through the exchange of stock are recorded at the fair value of the stock.  What principle guides the determination of the cost of the machine?