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

A. 135,000

B. 160,000

C. 106,000

D. 129,000