Question: THIS IS THE CORRECT ANSWER. I just need help figuring out how to get there please!! Machinery, Inc. is going to trade-in their old equipment

THIS IS THE CORRECT ANSWER. I just need help figuring out how to get there please!!

Machinery, Inc. is going to trade-in their old equipment for a new one. The new equipment is similar in nature to the old equipment, and therefore this exchange lacks commercial substance. What is the new equipment value at recorded by Machinery, Inc? Fill in the blank

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