Yep, got that, my bad. So from my understanding, if you let's say, have a car with a basis of $5K, fully depreciated, and trade it for a car work $10K and a trade in allowance of $3K. You pay an addition $7K, the basis of the new vehicle is $10K, and you recognize $3K of gain (trade-in allowance minus depreciated basis). 

How would this change if there is no cash involved, but the new vehicle was received only for the depreciated $5K one? Would it be recorded as a sale for a price of $10K with the entire value recognized as gain?