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A new delivery truck was purchased for $36 000 on January 1 of Year 1. It 2 points was expected to last four years, and

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A new delivery truck was purchased for $36 000 on January 1 of Year 1. It 2 points was expected to last four years, and to then have a trade-in value of $12 000. If the straight-line method is used, what will be the value of the delivery truck on the balance sheet dated December 31, Year 3? O $18000 O $12000 O $24 000 None of the above

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