4. Toll Inc. acquired a new truck in exchange for an old truck that it had acquired several yearsearlier for $30,000. On the date of the exchange, the old truck had a fair value of $12,000, andnet book value (carrying value) of $10,200. In addition, Toll paid $40,000 cash for the new truck,which had a list price of $67,000. Under IFRS, the new truck should be recorded at a. $67,000 b. $52,000 c. $50,200 d. $40,000