Hale Eva Pizza has a Nissan truck that they've owned for 6 years and uses...
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Accounting
Hale Eva Pizza has a Nissan truck that they've owned for 6 years and uses it for deliveries on the west side of Oahu. The original purchase price of the truck six years ago was $18,000 and Hale Eva expected to use the truck for ten years at which time they planned to sell it for $3,000. As of the last Balance Sheet date Hale Eva had reported accumulated depreciation of $8,000 on the truck using mileage as a factor in depreciation calculation. What is the current book value of the truck?
A.
$18,000
B.
$10,000
C.
None of the other answers
D.
$8,000
E.
$15,000
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