A company's old machine, which cost $34,000 and had accumulated depreciation of $24,600, was traded in on a new machine of like purpose having an estimated 20-year life with an invoice price of $44,000. The company also paid $37,000 cash, along with its old machine to acquire the new machine. The value of new machine should be recorded at:

Select the correct answer. after the 2008 recession, the amount of reserves in the us banking system increased. because of federal reserve actions, required reserves increased from $44 billion to $60 billion. however, banks started holding more reserves than required. by january 2009, banks were holding $900 billion in excess reserves. the federal reserve started paying interest on the excess reserves that the banks held. what possible impact will these unused reserves have on the economy? a. the interest rate on loans will fall. b. people will demand more foreign goods. c. people will start borrowing more money. d. the economy will face inflation. e. foreign investments will increase.