In December $31,2020$ Super Company transferred a used truck to Quartz Company$$in exchange for a similar truck from Quartz. Assume that this transaction lacks commercial substance for both companies.

$$Super$-$Assets$$

Original Cost $$ $$28,000$

Accum. Deprec.$17,000$

Cash Given$4,000$

Fair Market Value of

Truck Given$16,000$

Quartz$-$Assets

Original Cost $23,000$

Accum. Deprec.$6,000$

Cash Received $4,000$

Fair Market Value of

Truck Given$20,000$

The cost of the Truck on $$Super Companies books would be

Multiple Choice

$$20,000$

$$11,000$

$$15,000$

$$16,000$