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Cost of original truck traded in - $20,00 dollars Fair market value of original truck at trade in date is 4000 dollars List price of

Cost of original truck traded in - $20,00 dollars Fair market value of original truck at trade in date is 4000 dollars List price of new truck is $25,000 Trade in allowance for old truck is $6000 Business use of both trucks is 100% Compute the basis of new truck?

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