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Given a construction truck, assume that the purchase cost is $100,000 (including the cost of tires of $20,000) and the salvage value is $5,000 after
Given a construction truck, assume that the purchase cost is $100,000 (including the cost of tires of $20,000) and the salvage value is $5,000 after 7 years of service life. Using the straight line method, which of the following is closest to the book value of this truck at the end of the fourth year?
Question 1 2 points Save Answer Given a construction truck, assume that the purchase cost is $100,000 (including the cost of tires of $20,000) and the salvage value is $5,000 after 7 years of service life. Using the straight line method, which of the following is closest to the book value of this truck at the end of the fourth year? O O A $45,714.29 B. $34,285.71 O c. $42,857.14 OD. $37,142.86Step by Step Solution
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