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On January 1, Year 1, Friedman Company purchased a truck that cost $48,000. 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 $48,000. The truck had an expected useful life of 8 years and an $8,000 salvage value. Friedman uses the double-declining- balance method. What is the book value of the truck at the end of Year 12 Multiple Choice O $43,000 $38,000 $40,000 $36,000

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