? Menu Kate Company purchased a tractor at a cost of $120.000 on January 1, 2016. Th estimated salvage value of $20.000 and an estimated life of 8 years if Kate uses the straight-line method, what is the book value at january 1, 20202 Select one: O A. $70,000 O B. $50,000 C. $82.500 D. None of the above QUESTION3 Not yet answered Marked out of 2.00 The book value of a depreciable asset is: Select one: Fag question ?A. The original cost of the asset O B The original cost of the asset less its accumulated depreciation O C. The original cost of the asset less its salvage value O D. The accumulated depreciation on the asset up