icken exchangok value of the on of $25,000500 in cash to China Inn and Midwest Chicken exchanged asseets. China Inn received a delivery truck and gave equipment. The fair value and book value of the equipment were $22,500 and $15,000 (original cost of $40,000 less accumulated depreciation of $25,000), respectively. To equalize market values of the exchanged assets, China Inn paid $7,600 in cash to Midwest Chicken. A. At what amount did China Inn record the delivery truck? B. How much gain or less did China Inn recognize on the exchange