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Hale Eva Pizza has a Nissan truck that they've owned for 6 years and uses it for deliveries on the west side of Oahu. The
Hale Eva Pizza has a Nissan truck that they've owned for 6 years and uses it for deliveries on the west side of Oahu. The original purchase price of the truck six years ago was $18,000 and Hale Eva expected to use the truck for ten years at which time they planned to sell it for $3,000. As of the last Balance Sheet date Hale Eva had reported accumulated depreciation of $8,000 on the truck using mileage as a factor in depreciation calculation. What is the current book value of the truck?
| A. | $18,000 | |
| B. | $10,000 | |
| C. | None of the other answers | |
| D. | $8,000 | |
| E. | $15,000 |
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