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O'Briens Construction Ltd exchanged equipment that had a book value of $43073 for a truck that had a book value (in the other entity's books)
O'Briens Construction Ltd exchanged equipment that had a book value of $43073 for a truck that had a book value (in the other entity's books) of $31590. The fair value of the equipment is $44903. Further cost incurred to prepare the truck for use by O'Briens was $6324 for delivery and $2130 for registration. What is the acquisition cost of the truck?
A.
51227
B.
37914
C.
53357
D.
51527
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