On January 1, Year 1, Friedman Company purchased a truck that cost $32,000 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 is: (Do not round intermediate celculations the double-declining-balance met Multiple Choice $17,000 24,000 $25,750 $18,750