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On January 1, 2016, Wasson Company purchased a delivery vehicle costing $55,600. The vehicle has an estimated 8-year life and a $4,400 residual value. What

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On January 1, 2016, Wasson Company purchased a delivery vehicle costing $55,600. The vehicle has an estimated 8-year life and a $4,400 residual value. What is the vehicle's book value as of December 31, 2017, assuming Wasson uses the straight-ine depreciation method? $42,800 O $38,400 O $44,800 O $12.800

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