The answer is P370,000. I just need the complete solution.

DEF Company exchanged delivery trucks with GHI Company. DEF's truck originally costs P2,300,0DO, its accumulated depreciation was P2,000,000 and its fair value was P500.000. GHl's truck originally costs P2,350,000, its accumulated depreciation was P1,990,000, and its fair value was P570,000. DEF also paid GHI P70,000 in cash as part of the transaction. The transaction lacks commercial substance. What amount is the new book value for the truck DEF received