Athens Inc. exchanged machinery with an appraised value of $1,170,000, a recorded cost of $1,800,000 and accumulated depreciation of $900,000, for machinery that Sparta Corp. owns. Sparta’s machinery has:
a) A higher appraised value than Athens Inc.'s machinery
b) A lower appraised value than Athens Inc.'s machinery
c) A lower accumulated depreciation than Athens Inc.'s machinery
d) A higher recorded cost than Athens Inc.'s machinery
