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On April 1 , 2 0 2 0 , Matador purchased a truck for $ 5 0 , 0 0 0 with a salvage value

On April 1,2020, Matador purchased a truck for $50,000 with a salvage value of $7,000 and useful life of 5 years which was depreciated using the straight-line method. On October 1,2022, Matador decided to change the salvage to $3,630 and a total useful life of 9 years. The bookkeeper has not recorded any depreciation on the truck for 2022. Determine the adjustment to ICO. Matador has a corporate tax rate of 30%.
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