Hoffman, Incorporated adjusts its books each month but closes its books at the end of the year. The company$$s unadjusted trial balance at March $31$ is as follows:

Debit Credit

Cash $ $10,930$

Accounts Receivable $9,630$

Supplies $1,310$

Prepaid Insurance $3,160$

Equipment $26,400$

Accumulated Depreciation: Equipment $ $10,560$

Unearned Service Revenue $6,550$

Capital Stock $5,250$

Retained Earnings $23,450$

Dividends $1,570$

Service Revenue Earned $16,790$

Salaries Expense $7,850$

Utilities Expense $400$

Rent Expense $1,350$

Totals $ $62,600$ $ $62,600$

The equipment had an estimated useful life of five years. Compute the book value of the equipment at March $31,$ after the proper March adjustment is recorded.

Select one:

a$.$ $$25,960$

b$.$ $$15,400$

c$.$ $$11,000$

d$.$ $$10,560$