TB MC Qu. 03-205 A company purchased new furniture at a cost... A company purchased new furniture at a cost of $14,000 on September 30. The furniture is estimated to have a useful le of years and a salvage value of $2,000. The company uses the straight line method of depreciation. What is the book value of the furniture on December 31 of the first year? Multiple Choice $22000 $12,50000 $,625.00 3156250 $nsoooo