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Gulfcoast, Inc. purchased a van on January 1 , 2 0 2 6 , for $ 8 5 0 , 0 0 0 . Estimated

Gulfcoast, Inc. purchased a van on January

1, 2026,

for $

850, 000 .

Estimated life of the van was five

(5)

years, and its estimated residual value was $

101, 000 .

Gulfcoast Inc. uses the straight

-

line method of depreciation. Calculate the book value of the van at the end of

2026 .

.

700, 200

.

690, 625

.

796, 875

.

749, 000

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