On December 1, 2020, Ramsey Company acquired a new delivery truck in exchange for an old delivery truck that it had acquired in 2017. The old truck was purchased for $135,000 and had accumulated depreciation of $83,300. On the date of the exchange, the old truck had a fair value of $50,000. In addition, Romsey paid $15,500 cash for the new truck. The exchange lacked commercial substance. At what amount should Ramsey record the new truck? Multiple Choice O S45,500 0 $63.800 0 $65,500 0 550.000