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A company purchased a new truck at a cost of $35,000 on July 1,2019. The truck is estimated to have a useful life of 3

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A company purchased a new truck at a cost of $35,000 on July 1,2019. The truck is estimated to have a useful life of 3 years and a salvage value of $2,000. The company uses the straight-line method of depreciation. The book value of the truck at December 31, 2019 is $22,000 $33,000 $29,500. $24,000

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