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Cit Company traded in an old truck for a new one. The old truck had a cost of $86.000 and accumulated depreciation of $68, .

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Cit Company traded in an old truck for a new one. The old truck had a cost of $86.000 and accumulated depreciation of $68, . 800 . The new truck had an invoice price of $136,000. Huflington yas gven a $13,760 trade-in alowance on the old truck, which meant they pold $122.240 in addisien to the old truck to aceuire the new truck. If this transaction has commercial substance, what is the recorded value of the new tuck? Musple choice 586000 5139,440 517.200 $136,000 $122.240

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