Gardner corporation purchased a truck at the beginning of

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Gardner Corporation purchased a truck at the beginning of 2010 for $75,000. The truck is estimated to have a salvage value of $3,000 and a useful life of 120,000 miles. It was driven 18,000 miles in 2010 and 32,000 miles in 2011. What is the book value of the truck on December 31, 2011?

Reference no: EM13595593

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