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Star Company purchased a small truck on 1/7/2021. The truck cost was $ 90,000, with a salvage value of $ 10,000, and a useful life
Star Company purchased a small truck on 1/7/2021. The truck cost was $ 90,000, with a salvage value of $ 10,000, and a useful life of 10 years. If the company uses the double declining balance method for depreciation, what is the book value of the truck on 31/12/2023?
(Note: write your answer as a number only, with no commas or signs. If your answer is $ 1,000, write it as 1000).'
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