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What is the book value after the adjusting entry

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Reference no: EM132991444

Question - On January 1, 2017, we purchased a truck for $60,000. The truck has a useful life of 5 years and a residual value of $5,000. The truck is depreciated using the straight-line method. What is the book value after the adjusting entry for 2017?

Reference no: EM132991444

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