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Three years ago, Overnight Delivery bought a truck for $ 8 0 , 0 0 0 . The truck has no salvage value and a

Three years ago, Overnight Delivery bought a truck for $80,000. The truck has no salvage value and a five-year useful life. What is the book value of the truck at the end of three years?
Answer options:
a. $48,000
b. $32,000
c. $64,000
d. $16,000
Please help with the calculations.

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