Time Remaining $50$ minutes $43$ seconds

$00$:$50$:$43$

Item $10$

Time Remaining $50$ minutes $43$ seconds

$00$:$50$:$43$

On January $1,2022,$ Frame Industries purchased a delivery vehicle costing $$22,100.$ The vehicle has an estimated $6-$year life and a $$2,300$ residual value.

What is the vehicle's book value as of December $31,2023,$ assuming Frame uses the straight$-$line depreciation method?

Multiple Choice

$$15,500.$

$$16,500.$

$$6,600.$

$$13,200.$