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On January 1, 2019, Wasson Company purchased a delivery vehicle costing $42,100. The vehicle has an estimated 6-year life and a $4,300 residual value.
On January 1, 2019, Wasson Company purchased a delivery vehicle costing $42,100. The vehicle has an estimated 6-year life and a $4,300 residual value. What is the vehicle's book value as of December 31, 2020, assuming Wasson uses the straight-line depreciation method? Multiple Choice $12,600 $31,500. O $29,500. $25,200.
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