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On January 1, 2016, Friedman Company purchased a truck that cost $35,000. The truck had...

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Accounting

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On January 1, 2016, Friedman Company purchased a truck that cost $35,000. The truck had an expected useful life of 8 years and an $7,000 salvage value. The book value of the truck at the end of 2016, assuming that Friedman uses the double declining balance method, is (Do not round intermediate calculations.): $19,250. O $26,250. O $28,000. O $21.000

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