8. The WTF company has a truck that was totalled when a flock of herons...
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| 8. | The WTF company has a truck that was totalled when a flock of herons ran across the road and the driver slammed on | |||||||||
| the breaks and skidded into a farmers field and hit two cows and a turkey. They need to buy a new truck. The dealer | ||||||||||
| will give them a $1,000 trade in value on the totalled truck if they agree to clean the turkey feathers out of the grill. | ||||||||||
| They choose to buy a new truck which has a sticker price of $52,000. They pay $20,000 in cash and take out a note for the | ||||||||||
| remaining amount they owe. The totalled truck was originally purchased for $32,000 and has accumulated depreciation | ||||||||||
| of $30,000. Answer the following questions about this situation. BTW: The turkey lived | ||||||||||
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