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On July 1, 2017, we purchased a truck for $60,000. The truck has a useful life of 5 years and a residual value of

On July 1, 2017, we purchased a truck for $60,000. The truck has a useful life of 5 years and a residual value of $5,000. The truck is depreciated using the double- declining balance method. What is the balance in accumulated depreciation after the adjusting entry for 2018 (Year 2)? $35,200 $21,600 $31,200 $19,800

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