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A forklift truck was purchased for $30,000. It will be used for 7 years and that time its salvage value is $3,500. The forklift truck

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A forklift truck was purchased for $30,000. It will be used for 7 years and that time its salvage value is $3,500. The forklift truck is classified as a 5 year property (recovery period of five years) for depreciation purposes. Using the alternate MACRS method determine: Book value at the end of the 6th year. Select one: O a. None of the above O b. $6000 O c. $390999 O d. $40000

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