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A pickup truck is purchased for $37,000. The truck is expected to be of use to a company for 6 years, after which it will
A pickup truck is purchased for $37,000. The truck is expected to be of use to a company for 6 years, after which it will be sold for $9,000. What is the book value of the truck at the end of the 4th year? Use a declining balance (DB) method for depreciation. Do not enter a dollar sign ($) and round your answer to two decimal places.
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