A machine costs 40000 and it is estimated that it will be used for for 5 years.The estimated salvage value is 8,000 for this purchase. If the straight line depreciation is used, what will the remaining book value balance at the end of year 4? (Note: Find Bn remaining balance after calculating the annual deprecation allowance)

Select one:

a. 10000

b. 8000

c. 11000

d. 16000

e. 18000

f. 14400