Question - Donald Duck exchanged his speed boat for Goofy's truck in a dealer to dealer exchange. Goofy's truck cost $12,400 and has accumulated depreciation of $8,400, and FMV of $7,000. Donald's boat cost $15,000, has a book value of $9,000 but because he ran it aground one too many times, it has a FMV of $6,500. Goofy says who cares, " I'd rather glide than fly anytime! How should Goofy record his new speed boat?