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Gulfcoast, Inc. purchased a van on January 1, 2019, for $930,000. Estimated life of the van was five years, and its estimated residual value was

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Gulfcoast, Inc. purchased a van on January 1, 2019, for $930,000. Estimated life of the van was five years, and its estimated residual value was $90,000. Gulfcoast uses the straight-line method of depreciation. Calculate the book value of the van at the end of 2019. CA. $762,000 O B. $871,875 C. $840,000 O D. $755,625

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