purchased for $240000 of all the assets formly owend by rent-it the equitment was appraised at $300000, the truck was appraised at $60000, and the trademark was appraised at $40000. they paid $140000 cash and issued a one year note payable for $10000. the note, plus all 12 months of accured interest, are due november 30, 2024... the truck is being depreciated by the double declining method over a period of 5 years