The Bacon Company Acquired New Machinery with a Price of $15,200

question 46

Multiple Choice

The Bacon Company acquired new machinery with a price of $15,200 by trading in similar old machinery and paying $12,700. The old machinery originally cost $9,000 and had accumulated depreciation of $5,000. In recording this transaction, Bacon Company should record

• A) the new machinery at $16,700
• B) the new machinery at $12,700
• C) a gain of $1,500
• D) a loss of $1,500

---

Definitions:

Emotional Connection

A bond between individuals based on feelings of empathy, love, and understanding that goes beyond surface-level interactions.

Child Development Myth

Misconceptions or false beliefs about the processes through which children grow and develop psychologically, physically, and socially.

Overstimulated Babies

Infants who experience excessive sensory input from their environment, leading to signs of distress, such as crying, fussiness, or difficulty sleeping.

Social Interaction

The process by which individuals act and react in relation to others in a social context.