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NewCo Inc just purchased a milling machine for $17,879. It cost another $1,404 to install it and make it fully turn-key. It's being depreciated straight-line

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NewCo Inc just purchased a milling machine for $17,879. It cost another $1,404 to install it and make it fully "turn-key." It's being depreciated straight-line to a value of $1,987 over 12 years. What is the book value of the asset at time 6? HINT: Be careful here. The terminal book value (once it's fully depreciated), is not zero

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