On January 1, Year 1, Friedman Company purchased a truck that cost $27,000. The truck had an expected useful life of 8 years and an $7,000 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 $13,250 $20,250. $22,000. $15,000