QUESTION 20 On March 2, 2017, Glen Industries purchased a fleet of automobiles at a cost of $550,000. The cars are to be depreciated by the straight-line method over five years with no salvage value. Glen uses the half-year conventions compute depreciation for fractional periods. The book value of the fleet of automobiles at December 31, 2018, will be: $495,000 $385,000. $165,000 $330,000