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TB MC Qu. 8-71 On January 1, 2016, Wasson Company purchased... On January 1, 2016, Wasson Company purchased a delivery vehicle costing $38,600. The vehicle

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TB MC Qu. 8-71 On January 1, 2016, Wasson Company purchased... On January 1, 2016, Wasson Company purchased a delivery vehicle costing $38,600. The vehicle has an estimated 6 year life and a $3,800 residual value. What is the vehicle's book value as of December 31, 2017, assuming Wasson uses the straight-ine depreciation method? $27,000 O $1,600 O $23,200 O $29,000

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