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On January 1, Year 1, Friedman Company purchased a truck that cost $41,000. The truck had an expected useful life of 8 years and an

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On January 1, Year 1, Friedman Company purchased a truck that cost $41,000. The truck had an expected useful life of 8 years and an $8,000 salvage value. The company uses the double-declining balance method. The book value of the truck at the end of Year 1 is: (Do not round intermediate calculations.) Multiple Choice O $22,750. $32,750 $24,750. $30,750

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