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On January 1,2019,ABC Company purchased a vehicle costing $40,000. The vehicle has an estimated 6 -year life and a $4,000 residual value. What is the

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On January 1,2019,ABC Company purchased a vehicle costing $40,000. The vehicle has an estimated 6 -year life and a $4,000 residual value. What is the vehicle's book value as of December 31,2020 , assuming ABC uses the straight-line depreciation method? $28,000 $24,000 $12,000 $30,000

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