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A. $12,500 B. $41,250 C. $32,500 OD. $25,000 On January 1, 2025, a corporation acquired a truck for $50,000. Residual value was estimated to be
A. $12,500 B. $41,250 C. $32,500 OD. $25,000 On January 1, 2025, a corporation acquired a truck for $50,000. Residual value was estimated to be $15,000. The truck can be driven for 150,000 miles or a useful life of four years. What is the book value at the end of year 2, calculated by the double-declining - balance method? question: 2 poi
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