On January 1, Year 1, Friedman Company purchased a truck that cost $36,000. The truck had an expected useful life of 8 years and an $7000 salvage value. The book value of the truck at the end of Year 1, assuming that Friedman uses the double- declining-balance method, is: (Do not round intermediate calculations.) Multiple Choice $21750 $27000 $20.000 $28750