17)

17. On January 1, 2016, Wasson Company purchased a delivery vehicle costing 540,000. The vehicle has an estimated 6-year life and a $4,000 residual value. Wasson uses the units-of-production depreciation method and Wasson estimates that the vehicle will be driven 100,000 miles. What is the vehicle's book value as of December 31, 2017 assuming the vehicle was driven 10,000 miles during 2016 and driven 18,000 miles during 2017? a. $29,920. b. $28,800 C. $24,800. d. $25,920