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The AAA Company bought a new Ford Transit cargo van which had an acquisition cost of $28,960 on January 1, 2019. The cargo van has

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The AAA Company bought a new Ford Transit cargo van which had an acquisition cost of $28,960 on January 1, 2019. The cargo van has an estimated 6-year life and a $3,200 residual value. AAA predicts that the cargo van will be will be driven 92,000 miles. The van was driven 11,800 miles during 2019 and driven 19.800 miles during 2020. What is the van's book value as of December 31, 2020 if AAA uses the units-of-production depreciation method? (Do not round your intermediate calculations.) Multiple Choice 0 $16,912 O None of the other answers are correct o oo $20.373 $20,112

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