Multiple Choice
On January 1, Year 1, Friedman Company purchased a truck that cost $43,000. 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?
A) $24,250
B) $34,250
C) $26,250
D) $32,250
Correct Answer:
Verified
Correct Answer:
Verified
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