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A delivery truck has a depreciation basis of $50,000 and the depreciation schedule for the truck is as follows: Year 1 2 3 4 Depreciation

A delivery truck has a depreciation basis of $50,000 and the depreciation schedule for the truck is as follows:

Year

1

2

3

4

Depreciation

33%

45%

15%

7%

What is the book value of the truck after 2 years?

a. $39,000

b. $11,000

c. $16,500

d. $0

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