A video recording system was purchased 3 years ago at a cost of $40,000. A 5-year recovery
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A video recording system was purchased 3 years ago at a cost of $40,000. A 5-year recovery period and DDB depreciation have been used to write off the basis. The system is to be replaced this year with a trade-in value of $4000. What is the difference between the book value and the trade-in value?
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d 25 040 BV 3 ...View the full answer
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MAHESH TOLANI
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