Brook Stone and Paving purchased a new truck for $68,500. The truck has an estimated life of four years and an estimated scrap value of $4,500. The company uses the double-declining-balance method of depreciation.

Refer to Brook Stone and Paving.Compute the book value at the end of the third year.

(2pts)

Question 16 - Brook Stone and Paving Brook Stone and Paving purchased a new truck for $68,500. The truck has an estimated life of four years and an estimated scrap value of $4,500. The company uses the double-declining-balance method of depreciation. Refer to Brook Stone and Paving.Compute the book value at the end of the third year.

Select $8,562.50 as your answer

$8,562.50

Select $9,450.50 as your answer

$9,450.50

Select $6,500.50 as your answer

$6,500.50

Select $4,500.00 as your answer

$4,500.00