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LONG TERM ASSET ASSET: FOOD TRUCK ASSET COST $ 3 5 , 0 0 0 INTEREST ON TRUCK LOAN $ 4 5 0 ACCUMULATED DEPRECIATION

LONG TERM ASSET

ASSET: FOOD TRUCK

ASSET COST $

35, 000

INTEREST ON TRUCK LOAN $

450

ACCUMULATED DEPRECIATION $

6, 600

PREPAID INSURANCE $

2, 300

BOOK VALUE $

Based on the information above, the book value of the food truck is

__________.

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