Roland Company (Tangible Fixed Assets) Roland Company exchanged a set of used trucks plus cash for a new semi-truck. The used trucks have a combined book value of $42,000 (cost $64,000 less $22,000 accumulated depreciation). Roland's purchasing agent, experienced in the secondhand market, indicates that the used trucks have a fair value of $26,000. In addition to the trucks, Roland must pay $17,000 for the new semi-truck. Required: Compute the cost and record the sale of new semi-trucks.