Tia bought a pickup truck last year for personal use. The truck cost $$38,000.$ Tia is starting a landscaping business this year and will now be using the truck in the business full$-$time. Based on written quotes received from three dealerships, similar trucks are selling for $$31,000.$ When determining her business income, Tia will be able to calculate depreciation on the truck using the $$38,000$ cost as her depreciable basis.

True

False