Question: Alpha Co. Purchased A Small Delivery Truck On January 1, 2018. Total Cost SAR 68,000 Expected Residual Value SAR 8,000 Estimated Useful Life In Years 5 Years Using Straight Line Method

Alpha Co. purchased a small delivery truck on January 1, 2018. Total cost SAR 68,000 Expected residual value SAR 8,000 Estimated useful life in years 5 years Using Straight - Line method, determine the December 31, 2019 (end of year 2) book value SAR 44,000 SAR 24,000 SAR 56,000 SAR 12,000