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A new truck is purchased on January 1, 20X6. The truck cost $10,000. has a 5-year life, and a $2,000 residual value. Given a December

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A new truck is purchased on January 1, 20X6. The truck cost $10,000. has a 5-year life, and a $2,000 residual value. Given a December 31 year-end, and using the straight-line-method, how much is the net book value at December 31, 20x7? $10.000 56,000 $6.800 $3.200

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