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On January 1, Year 1, Friedman Company purchased a truck that cost $56,000. The truck...

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Accounting

On January 1, Year 1, Friedman Company purchased a truck that cost $56,000. The truck had an expected useful life of 8 years and an $9,000 salvage value. The book value of the truck at the end of Year 1, assuming that Friedman uses the double-declining-balance method, is: (Do not round intermediate calculations.)

A. 44250

B 35250

C 33000

D 42000

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