please help with this question,

Cutter Enterprises purchased equipment for $48,000 on January 1, 2024. The equipment is expected to have a five-year life and a residual value of $3,300.

Using the straight-line method, the book value on December 31, 2024, would be:

Multiple Choice

$35,760.

$39,060.

$38,400.

$35,100.