On the first day of the fiscal year, a delivery truck with a list price of $86,500

Question:

On the first day of the fiscal year, a delivery truck with a list price of $86,500 was acquired in exchange for an old delivery truck and $75,000 cash. The old truck had a book value of $15,675 at the date of the exchange.
a. Determine the depreciable cost for financial reporting purposes.
b. Assuming that the book value of the old delivery truck was $6,000, determine the depreciable cost for financial reporting purposes.