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On January 1 Year 1. Friedman Company purchased a truck that cost $49,000. The truck had an expected useful life of 8 years and an

On January 1 Year 1. Friedman Company purchased a truck that cost $49,000. The truck had an expected useful life of 8 years and an $9.000 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 found intermediate calculations.) Multiple Choice 330.000 596,750, 527750. $39000

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