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A transportation company owns a fleet of vehicles. Calculate the book value of a truck as of July 1st using the double-declining balance (DDB) method,
A transportation company owns a fleet of vehicles. Calculate the book value of a truck as of July 1st using the double-declining balance (DDB) method, given the following information:
- Original cost: $50,000
- Salvage value: $5,000
- Useful life: 5 years
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