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A truck costs $16,000 with a residual value of $1,000. It has an estimated useful life of five years. If the truck was bought on July 3, what would be the book value at the end of year 1 using straight-line
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A truck costs $16,000 with a residual value of $1,000. It has an estimated useful life of five years. If the

truck was bought on July 3, what would be the book value at the end of year 1 using straight-line rate?

User Nate Glenn
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5 votes
0.23 a minute then you can multiply 0.23 x 60 = 13.80 13.80 + 6.00 =19.80
User Renan Lalier
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