Sylvie Co$.$ purchased a piece of equipment on January $1,2016$ for $$259,000.$ Its estimated useful life was seven years, and its estimated salvage value was $$49,000.$

It purchased the equipment with a three$-$year note, $10\%$ interest; principal and interest is only due to be paid on December $31,2019.$

The Company sells the equipment for $$40,000$ on December $31,2023.$

When the company sells the equipment on December $31,2023,$ what is its book value?

$$49,000$

zero

$$19,000$

$$63,000$