On January 1, Jarvis Technologies purchased a $45,000 vehicle to chauffeur clients to prospective homes. Homes plans on driving the vehicle for six years or 100,000 miles. Expected salvage (residual) value is $3,000. The book value of the vehicle at the end of Year 2 using the straight-line method, after recording depreciation for the two years, is: O $38,000 O $31,000 O $36,000 O $28,000 Question 42 On January 1, Jarvis Technologies purchased a $45,000 vehicle to chauffeur clients to prospective homes. Homes plans on driving the vehicle for six years or 100,000 miles. Expected salvage (residual) value is $3,000. 3.33 pts The balance in the accumulated depreciation account at the end of Year 1 of the asset, after recording depreciation using the double- declining-balance method, is: O $27,000