Difference between the book value and the trade-in value

Reference no: EM131018184

A video recording system was purchased 3 years ago at a cost of $30,000. A 5-year recovery period and DDB depreciation have been used to write off the basis. The system is to be replaced this year with a trade-in value of $5000. What is the difference between the book value and the trade-in value?

Reference no: EM131018184

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