The bookkeeper for the Reilly Construction Company is computing depreciation for income tax purposes, using the figures from the MACRS tables supplied by the IRS. Reilly Construction Company purchased a truck in February 2005 for $40,000. In March 2005, a second truck was purchased for $48,000. Assume that allowable depreciation for each truck is 20% for the first year and 32% for the second year.

Refer to Reilly Construction Company.Compute the total allowable cost recovery on the two trucks for the year 2005.