A new truck was purchased for 160000 by trading in a
A new truck was purchased for $160,000 by trading in a similar truck that had a book value of $51,300. Assuming that the trade-in allowance is $45,000, what is the cost basis of the new asset for depreciation purposes?
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a new truck was purchased for 160000 by trading in a similar truck that had a book value of 51300 assuming that the
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