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In 2 0 2 2 , Leo construction traded in a light duty pickup truck that had a book value of $ 1 8 ,
In Leo construction traded in a light duty pickup truck that had a book value of $ A new pickup truck having a fair market value of $ was acquired. Because the vendor accepted the old truck as a tradein a deal was agreed, and Leo construction would only pay $ for the new truck.
Compute the third year depreciation for the new truck using the general depreciation system method.
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