LONG TERM ASSET

ASSET: PALLET TRUCK

ASSET COST

$$25,000$

ACCUMULATED DEPRECIATION

$$5,000$

PREPAID INSURANCE

$$3,000$

MAINTENANCE COSTS

$$2,000$

BOOK VALUE

Based on the information above, the book value of the pallet truck is

a$.)$ $$20,000$

b$.)$ $$35,000$

c$.)$ $$30,000$