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On January 1, Year 1, Seitz Trucking paid $155,000 to purchase a truck. The truck was expected to have a four-year useful life and a

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On January 1, Year 1, Seitz Trucking paid $155,000 to purchase a truck. The truck was expected to have a four-year useful life and a $20,000 salvage value. If ST uses the straight-line method, the amount of net book value shown on the Year 1 balance sheet is

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