On January 1, Year 1, Friedman Company purchased a truck that cost $40,000. The truck had an expected useful life of 8 years and an $8,000 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 $32.000. $30,000. $24,000