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

Jun 1st, 2015

cost of track=16,000

residual value=1000

estimated time=5 years

total cost = 17,000

17000/5

=3400

=17000-3400

=13,600

Jun 1st, 2015

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