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Opal, Inc. owns a delivery truck that initially cost $40,000. After depreciation of $15,000 had been deducted, the truck was traded in on a new

Opal, Inc. owns a delivery truck that initially cost $40,000. After depreciation of $15,000 had been deducted, the truck was traded in on a new truck that cost $50,000. Opal was required to pay the car dealer $10,000 in cash. What is Opal's basis for the new truck?

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