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A truck was purchased for $30,000. It has an estimated five-year life and a $5,000...

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Accounting

A truck was purchased for $30,000. It has an estimated five-year life and a $5,000 estimated salvage value. Using double-declining balance depreciation, what is the assets carrying value (book value) after one year?

$20,000.

$14,000.

$18,000.

$19,000.

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