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On January 1 Year 1, Friedman Company purchased a truck that cost $53,000. The truck had an expected useful life of 8 years and a

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On January 1 Year 1, Friedman Company purchased a truck that cost $53,000. The truck had an expected useful life of 8 years and a $9,000 salvage value. The company uses the double-declining balance method. The book value of the truck at the end of Year 1 is: (Do not round intermediate calculations.) Multiple Choice $30750 $42.000 O $33.000 $39,750

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