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A truck costs $35,000 with a residual value of $2,000. Its service life is 5 years. Using the declining-balance method at twice the straight-line rate,

A truck costs $35,000 with a residual value of $2,000. Its service life is 5 years. Using the declining-balance method at twice the straight-line rate, the book value at the end of year two is A. $33,000 B. $12,600 C. $35,000 D. $22,000

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