A company traded in a used delivery truck with carrying amount of 54,000 for a new delivery truck having a list price of 160,000 and paid a cash difference to the dealer of 75,000. The used truck has a fair value of 60,000 on the date of exchange. At what amount should the new truck be recorded in A's books?

a. 135,000

b. 106,000

c. 160,000

d. 129,000