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14 On January 1, 2019, Wasson Company purchased a delivery vehicle costing $38,000. The vehicle has an estimated 7-year life and a $3,000 residual value.
14 On January 1, 2019, Wasson Company purchased a delivery vehicle costing $38,000. The vehicle has an estimated 7-year life and a $3,000 residual value. What is the vehicle's book value as of December 31, 2020, assuming Wasson uses the straight-line depreciation method? 8 00:34:37 Multiple Choice $28,000. $10,000. $25,000 $30,000
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