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A company purchased a new delivery truck on May 10th, 2018 for $65,000. They assumed a residual value of $6,000 and a useful life of

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A company purchased a new delivery truck on May 10th, 2018 for $65,000. They assumed a residual value of $6,000 and a useful life of 5 years to depreciate the truck using the straight line method. On Jan 26th, 2020 they sold the truck for $35,000. What was the carrying value of the truck when it was sold

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