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Review chapters 7-9 21 eBook Print Multiple Choice $64,000 Saved $76,000 Help Check my work A company purchased a delivery truck on January 1, 2024,
Review chapters 7-9 21 eBook Print Multiple Choice $64,000 Saved $76,000 Help Check my work A company purchased a delivery truck on January 1, 2024, for $100,000. The truck has an estimated life of 10 years and an estimated residual value of $10,000. If the company uss double-declining balance, what would be the book value of the truck after two years?
A) 64,000
B) 76,000
C) 82,000
D) 54,000
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