Question: A video-recording system was purchased 2 years ago at a cost of $41,000. A 5-year recovery period and DDB (Double Declining Balance) depreciation have

A video-recording system was purchased 2 years ago at a cost of $41,000. A 5-year recovery period and DDB (Doublen Declining B

A video-recording system was purchased 2 years ago at a cost of $41,000. A 5-year recovery period and DDB (Double Declining Balance) depreciation have been used to write off the basis. The system is to be replaced this year with a trade-in value of $3,000. What is the difference between the book value and the trade-in value? The difference between the book value and the trade-in value is $

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