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State the book value of the truck on december

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A company purchased a truck on March 1, 2019 at a cost of $100,000. The truck had an estimated useful life of 8 years and an estimated salvage value of $10,000. The company uses the double-declining balance method of depreciation.

Problem 1: State the book value of the truck on December 31, 2020.

Reference no: EM132703605

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