When the truck was acquired in $2021$ the tractor trailer rig had cost $460,000$ is expected to remain in service for $10$ years or $1,000,000$ miles it's estimated residual value of $60,000$ during $2021$ the truck was driven $80,000$ miles during $2020240,000$ miles during $2023180,000$ miles after the truck was driven $38,000$ miles in $2024$ the company traded in the Mac truck for a freightliner truck with a fair market value of $260,000$ in addition to the trade$-$in of the truck shipping trunk paid cash $28,000$ for the freightliner truck