An old truck, which cost $45,000 and was two-thirds depreciated, was exchanged for a tractor with a fair value of $46,500;$30,000 cash was paid for the tractor. The exchange had commercial substance. At what amount should the tractor be recorded? Select one: a. $49,500 b. $45,000 c. $46,500 d. $48,000 e. $79,500 Given the following for the llinois Company: Depreciation expense for year-end 12/31/14 is approximately: Select one: a. $3,466 b. $3,534 c. $3,714 d. $3,050 e. $3,200