A Delivery Truck That Cost $26,000 Has Been Owned for 3

A delivery truck that cost $26,000 has been owned for 3 years and is traded in for another delivery truck to be used for a similar purpose. Depreciation in the amount of $5,200 has been taken each year⎯a total of $15,600. If the trade-in value of the old truck is $12,000 and the new truck has a fair market value of $30,000, the new truck would be recorded at

A) $10,400.
B) $12,000.
C) $29,400.
D) $30,000.