On January 1, Year 1, Friedman Company purchased a truck that cost $36,000. 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) 01:03:43 Multiple Choice $20,000. $27000 $28,750 $21750