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Bob bought a new delivery truck for his drug store for $30,000. The residual value is $3,000 with an expected life of 5 years. Assuming

Bob bought a new delivery truck for his drug store for $30,000. The residual value is $3,000 with an expected life of 5 years. Assuming twice the straight-line rate, calculate the book value at the end of year 2 for the declining-balance method

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