Save & Exit Submit and a $1,000 salvage A company purchased new furniture at a cost of $16,000 on January 1.The furniture is estimated to have a useful life of 6 years value. The company uses the straight-line method of depreciation. What is the book value of the furniture on December 31 of the first year? o $16,000 O $15,000 O $2.500 O $13,500 O $13.333