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Gardner Corporation purchased a truck at the beginning of 2010 for $75,000. The truck is estimated to have a salvage value of $3,000 and a useful life of 120,000 miles. It was driven 18,000 miles in 2010 and 32,000 miles in 2011. What is the book value of the truck on December 31, 2011?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9973170

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