Why is the K-theory of $X$ product of reduced $K$-theory and $\mathbb{Z}$

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The reduced $K$-theory of $\tilde{K}(X)$ of the based space $X$ is the kernel of $d:K(X)\to \mathbb{Z}$, where $d$ is induced by $d:Vect(X)\to\mathbb{Z}$ that sends a vector bundle to the dimension of its restriction to the component of the basepoint $*$. Why is it that $K(X)\cong \tilde{K}(X)\times \mathbb{Z}$?

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If you have a surjective map of abelian groups $f:A\to\mathbb Z$, then $A\cong\mathbb Z\oplus\ker f$ simply because $\mathbb Z$ is a projective abelian group.