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On January 1, 2014, Wasson Company purchased a delivery vehicle costing $50,000. The vehicle has an estimated 7-year life and a $4,500 residual value. What

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On January 1, 2014, Wasson Company purchased a delivery vehicle costing $50,000. The vehicle has an estimated 7-year life and a $4,500 residual value. What is the vehicle's book value as of December 31, 2015, assuming Wasson uses the straight-line depreciation method? O $32.500o O $39,000 O $13,000 O $37000

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