A company bought new heating system for 130000 and was, Financial Accounting

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A company bought new heating system for 130000 and was

A company bought new heating system for $130,000 and was given a trade-in of $87,000 on an old heating system, so the company paid $43,000 cash with the trade-in. The old system had an original cost of $120,000 and accumulated depreciation of $48,000. If the transaction has commercial substance, the company should record the new heating system at:

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Financial Accounting: A company bought new heating system for 130000 and was

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