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On January 1, Year 1. Randall Moving Company paid $24,500 cash to purchase a truck. The truck was expected to have a five year useful

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On January 1, Year 1. Randall Moving Company paid $24,500 cash to purchase a truck. The truck was expected to have a five year useful life and an $4,500 salvage value. It Randall uses the straight-line method, the book value at the end of Year 3 iss

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