A truck costs 35000 with a residual value of 2000 its
A truck costs $35,000 with a residual value of $2,000. Its service life is five years. Using the declining-balance method at twice the straight-line rate, the book value at the end of year 2 is...
A. $33,000
B. $12,600
C. $35,000
D. $22,000
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