The Jesse Dolan Company recently entered into an exchange with the Fring Company where they exchanged one truck for another, with Fring also paid $8,000 in cash. Immediately before the exchange, you noted the following: Dolan Fring Truck (cost) 60,000 N/A Accumulated depreciation 24,000 N/A Fair value of truck being traded 58,000 50,000 Dolan Company records the exchange transaction. If the exchange HAS commercial substance, what is the value of the new truck (i.e., the one received) on the books of Dolan Company? $50,000 $29,686 $31,034 $39,034