Sarah’s preferences for consumption and leisure can be expressed as U(C,L)=4C1/2L1/2.
September 3, 2020
The demand curve is given by QD 500 5PX 0.
September 3, 2020

A new truck was purchased for $180,000 by trading in a similar truck that had a book value of $55,200. Assuming that the trade-in allowance is $46,000, what is the cost basis of the new asset for depreciation purposes?

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