A truck costing \(\$ 45,000\) and having an estimated salvage value of \(\$ 4,500\) and an original life of five years is exchanged for a new truck. The cash price of the new truck is \(\$ 57,000\), and a trade-in allowance of \(\$ 22,500\) is received. The old truck has been depreciated for three years using the straight-line method. The new truck would be recorded at:

a. \(\$ 55,200\).

b. \(\$ 57,000\).

c. \(\$ 34,500\).

d. \(\$ 43,200\).

e. None of the above.