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Required information

Jobe Concrete Products placed a new sand sifter

into production $3$ years ago. It had an installed

cost of $$100,000,$ a life of $5$ years, and an

anticipated salvage of $$20,000.$ Book

depreciation charges for the $3$ years are

$$38,000,$$$20,000,$ and $$18,000,$ respectively.

If the sifter's market value today is $$20,000,$ determine the

difference between its current book value and its market value.

The difference between its current book value and its market

value is determined to be $