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An office furniture costing $110,000 has a useful life of 10 years. Fedex took $1200 to deliver and install the furniture. The salvage value of

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An office furniture costing $110,000 has a useful life of 10 years. Fedex took $1200 to deliver and install the furniture. The salvage value of the furniture at the end of its useful life of 10 years is $2500. The company places the furniture in service during the last quarter. What is the terminal book value of the office furniture? $0.00 $112,200 $2500 $8495.68

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