Entries for Trade of Fixed Asset On October 1, Bentley Delivery Services acquired a new truck with a list price (fair market value) of $213,000. Bentley Delivery received a trade-in allowance (fair market value) of $32,800 on an old truck of similar type and paid cash of $180,200. The following information about the old truck is obtained from the account in the equipment ledger: cost, $144,000; accumulated depreciation on December 31, the end of the preceding fiscal year, $96,000; annual depreciation, $24,000. Assume the exchange has commercial substance. a. Journalize the entry to record the current depreciation of the old truck to the date of trade-in. b. Journalize the entry to record the transaction on July 1. If an amount box does not require an entry, leave it blank