Looking back to our Table 12.3 forklift depreciation example, assuming a 2019 purchase date, what is the book value of the equipment at the end of the third full year of ownership for each of the options presented? 

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Table 12.3 Straight-line depreciation options Forklift Example, Five-Year Useful Life Purchase Value - Resale Value = Depreciable Value $125,000-$25,000 $100,000 $20,000 per year Depreciation First Year Date Purchased Method 1/1/2019 Full Year 7/1/2019 Half Year 2/15/2019 Mid Quarter 7/8 4/15/2019 Mid Month 17/24 2022 2023 Total 2020 2021 $20,000 $20,000 $20,000 $20,000 $100,000 $100,000 $10,000 $20,000 $20,000 $20,000 $20,000 $10,000 $17,500 $20,000 $20,000 $20,000 $20,000 $2,500 $100,000 $14,167 $20,000 $20,000 $20,000 $20,000 $5,833 $100,000 Portion 2019 100% $20,000 50% 2024