0. company traded an old truck for a new truck, receiving a RM15,750 trade-in allowance, paying RM15,800 cash on the exchange date and the remaining balance to be paid in two equal installments of RM20,000 each. The old truck cost was RM58,500, and straight-line accumulated depreciation of RM40,800 had been recorded as of the exchange date under the assumption it would last for five years and have a RM7,500 residual value. Required: 0 What was the carrying amount of the old truck on the date of the exchange? ii) What is the gain or loss amount (indicate which) should be recognized in recording the exchange, with the assumption that the transaction has commercial substance? in) What is the cost of the new truck should be recorded? Ignore narrations and show all workings. 16 Marks