On January 1, 2016, Wasson Company purchased a delivery vehicle costing $58,300. The vehicle has...
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Accounting
On January 1, 2016, Wasson Company purchased a delivery vehicle costing $58,300. The vehicle has an estimated 8-year life and a $4,700 residual value. What is the vehicle's book value as of December 31, 2017, assuming Wasson uses the straight-line depreciation method? O $46,900 O $44,900 O $40.200. O $13,400
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