Question: A truck costing $ 2 5 , 0 0 0 with a residual value of $ 5 , 0 0 0 was purchased by Rim

A truck costing $25,000 with a residual value of $5,000 was purchased by Rim Corporation. The truck's estimated life is 10 years. Complete the following table to determine its book value at the end of Year 2 using the declining-balance method. Assume a depreciation rate of twice the straight-line rate.
\table[[Year,Cost,\table[[Accumulated],[Depreciation at],[Beginning of Year]],\table[[Book Value at],[Beginning of Year]],Depreciation,\table[[Accumulated],[Depreciation at End],[of Year]],\table[[Book Value at],[End of Year]]],[,$,25,000,,,,],[2,$,25,000,,,,]]
 A truck costing $25,000 with a residual value of $5,000 was

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