Lilj8808 Lilj8808
  • 21-11-2022
  • Business
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on january 1, year 1, friedman company purchased a truck that cost $48,000. the truck had an expected useful life of 8 years and an $8,000 salvage value. friedman uses the double-declining-balance method. what is the book value of the truck at the end of year 1?

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