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 50,000 Fair value of truck being 58,000 traded Dolan Company records the exchange transaction. If the exchange does NOT have commercial substance, what is the value of the new truck (i.e., the one received) on the books of Dolan Company? $28,000 $31,034 $50,000 $39,034 VeDeok Pro