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What is the cost price of the new machine

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Reference no: EM132770816

Problem - The management of Regnbogan ehf. have decided to replace an older machine with a new one (ie the seller of the new machine then accepts the old "in" the new one as payment). The intermediate gift is paid in cash, ISK 2,310,000. The book value of the old machine is ISK 1,890,000 but its market value is ISK 2,100,000. What is the cost price of the new machine?

A - 4,410,000 kr.

B - 2,310,000 kr.

C - 4,200,000 kr.

D - 3,990,000 kr.

Reference no: EM132770816

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