Using the declining-balance method

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Reference no: EM131015963

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

Reference no: EM131015963

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