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An old truck, which cost $54.000 and was one half deprecated was exchanged for a tractor with a fair value of $58.000 $30,000 cash was

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An old truck, which cost $54.000 and was one half deprecated was exchanged for a tractor with a fair value of $58.000 $30,000 cash was paid for the tractor. The exchange had commercial substance. At what amount should the tractor be recorded? Select one O $58.000 @b$57.000 OC $54.000 od $84.000 $27.000

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