Question: In 2 0 2 2 , Leo construction traded in a light duty pickup truck that had a book value of $ 1 8 ,
In Leo construction traded in a light duty pickup truck that had a book value of $ A new pickup truck having a fair market value of $ was acquired. Because the vendor accepted the old truck as a tradein a deal was agreed, and Leo construction would only pay $ for the new truck.
Compute the third year depreciation for the new truck using the general depreciation system method.
For the new pickup truck in previous question, what is the salvage value using the general depreciation system GDS method?
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