5. Assume that you own a 2005 Ford F750 Super Duty truck.

The truck has been driven 32,000 miles. What is a reasonable disposal value for this truck? (Be sure to reduce your estimate of sales price by the costs of selling the asset.) What is the replacement value of this truck (in other words, how much would another F750 with 30,000 miles cost to find, buy, finance, deliver, and license?) Peruse newspaper ads, search the Internet, and talk with truck salespeople to estimate the truck’s fair market value. Make a report to your class of your findings.