A truck that cost $26,000 has been owned for 3 years and is traded for another truck for the same purpose.Total accumulated depreciation at the time of trade is $15,600.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:

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The Answer of A truck that cost $26,000 has been owned for 3 years and is traded for another truck for the same purpose.Total accumulated depreciation at the time of trade is $15,600.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 Truck That Cost $26,000 Has Been Owned for 3