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Please answer this question with the feedback for Business Mathematics asap,thank you. A truck costs $16,000 with a residual value of $1,000. It has an

Please answer this question with the feedback for Business Mathematics asap,thank you.

A truck costs $16,000 with a residual value of $1,000. It has an estimated useful life of 5 years. If the truck was bought on July 3, what would be the book value at end of year 1?

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