Jambo, Inc. exchanged a truck with a carrying amount of $12,000 and a fair value of $20,000 for a truck and $2,500 cash (boot). The cash flows from the new truck are not expected to be significantly different from the cash flows of the old truck. The fair value of the truck received is $17,500. At what amount should Jambo record the truck received in the exchange? $8,000 $10,500 $17,500 $20,000