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: Credit Cash Debit $ 11,040 9,740 1,420 3,040 25,800 Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation: Equipment Unearned Service Revenue Capital Stock Retained Earnings Dividends Service Revenue Earned Salaries Expense Utilities Expense Rent Expense $ 10,320 7,100 5,800 24,000 1,680 16,310 8,400 510 1,900 $ 63,530 Totals $ 63,536 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. Multiple Choice $10,750 $15,050 $25,370 O $10,320