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A transport company purchased a truck for $89,000. The company depreciated the truck at the end of each year at the rate of 19%
A transport company purchased a truck for $89,000. The company depreciated the truck at the end of each year at the rate of 19% of its current value. What is the value of the truck at the end of the sixth year? The value of the truck at the end of the sixth year is $ (Round to the nearest cent as needed.)
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Financial Markets and Institutions
Authors: Anthony Saunders, Marcia Cornett
6th edition
9780077641849, 77861663, 77641841, 978-0077861667
