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On January 1, Year 1, Lettuce Moving Company paid $108,000 cash to purchase a truck....

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Accounting

On January 1, Year 1, Lettuce Moving Company paid $108,000 cash to purchase a truck. The truck was expected to have a four-year useful life and an $38,000 salvage value. If Lettuce uses the straight-line method, the amount of book value shown on the Year 2 balance sheet is:
$35,000
$52,500
$90,500
$73,000
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