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A delvery truck was acquired by trading in an older truck that has the same value in use; The newer truck has options that make

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A delvery truck was acquired by trading in an older truck that has the same "value in use"; The newer truck has options that make it more comfortable for the driver; however the company remains in the same economic position after the old truck was "raded-in" relative to before (i.e. future cash flows is not expected to significantly change). Facts concernine the trade-in are as follows: Required 1 of 3 : The acquisition of the new delivery truck can best be described as: Required 2 of 3: What if? Assume the asset exchange is said to lack commercial substance, what is the gain upon disposal of the OLD delivery truck? Required 3 of 3: Refer to the original data. Calculate the cost of the NEW delivery truck. Round to the nearest dollar AND do not include a dollar (5) sign or a comma (.). EG. 10000

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