Problem 16.023: Calculate the difference between the book value and the trade-in value A video recording system was purchased 3 years ago at a cost of $44,000 A 5-year recovery period and DDB (Double Declining Balance) depreciation have been used to write off the basis. The system is to be replaced this year with a trade in value of $5,500. What is the difference between the book value and the trade in value? The difference between the book value and the trade-In Value is SL