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13 December, 18:59

A truck cost 35000 with a residual value of 2000. Ita service life is 5 years using the declining balance method at twice the straight line rate. the value of the book at the end of 2 years is?

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  1. 13 December, 20:58
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    The value of the book at the end of 2 years

    (35000-2000) / 5*2+2000=$15200
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