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Question 8 Not yet answered Marked out of 1.00 Flag question On January 1, WeldRite Co. purchased a forklift for $38,600 cash. Weld Rite Co.

Question 8 Not yet answered Marked out of 1.00 Flag question On January 1, WeldRite Co. purchased a forklift for $38,600 cash. Weld Rite Co. paid freight charges of $750 to the trucking company to deliver the forklift to its warehouse. The estimated salvage value and useful life of the forklift are $2,900 and 5 years, respectively. Under the straight-line method, what is the book value of the equipment as of December 31, Year 3? Select one: a. $17,480 b. $12,430 C. $14,920 O d. $21,510

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