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MoveIt Corporation is the world?s leading express-distribution company. In addition to the world?s largest fleet of all-cargo aircraft, the company has more than 54,000 ground

MoveIt Corporation is the world?s leading express-distribution company. In addition to the world?s largest fleet of all-cargo aircraft, the company has more than 54,000 ground vehicles that pick up and deliver packages. Assume that MoveIt sold a delivery truck for $22,000. MoveIt had originally purchased the truck for $37,000 and had recorded depreciation for three years.

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