$!$

Required information

Exercise $16-32$ Gain or Loss on Disposal $($Section $2)($LO $16-4)$

$[$The following information applies to the questions displayed below.$]$

In December of $204,$ Atlas Chemical Corporation sold a forklift for $$9,255.$ The machine was purchased in $201$ for $$50,000.$ Since then $$38,845$ in depreciation has been recorded on the forklift.

$01$:$45$:$38$

Exercise $16-32$ Part $1$

Required:

What was the forklift's book value at the time of sale?

Book value