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On January 1, 2019, Wasson Company purchased a delivery vehicle costing $46,600. The vehicle has an estimated 8 year life and a $3,400 residual value.

On January 1, 2019, Wasson Company purchased a delivery vehicle costing $46,600. The vehicle has an estimated 8 year life and a $3,400 residual value. What is the vehicle's book value as of December 31, 2020, assuming Wasson uses the straight-line depreciation method? Multiple Choice $37,800 o $32,400 o $10.800 $35 800

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