XYZ company exchange used truck plus cash for vacant land that might be used for a future plant site. The truck has a value of US$42000 ($64000 less $22000) accumulated depriciation). XYZ's purchasing agent, who has previous dealings in the second hand market,indicates that the truck has a fair market value of US$49000 in addition to the truck, XYZ must pay US$17000 cash for the land.