The inclusion of the intangible asset goodwill in the financial statements of a company indicates: That the company has purchased a going business at a price in excess of the fair market value of the net identifiable assets. A monopoly position in the industry or superior management. An unbroken record of annual earnings and dividends. That the company has a favorable reputation with its customers. Both B and D. Trent Company purchased a new truck on 7/1/X5 for $43,000, and set the residual value at $3,000 and the estimated useful life at 8 years. If the Company uses straight-line depreciation, what is the book value of the truck on 12/31/X7? $25, 500 $28,000 $30, 500 $12, 500 $27, 500