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What is the vehicle book value as of December

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Reference no: EM132908030

Question - On January 1, 2016, Wasson Company purchased a delivery vehicle costing $46,600. The vehicle has an estimated 8-year life and a $3,400 residual value. What is the vehicle's book value as of December 31, 2017, assuming Wasson uses the straight-line depreciation method?

Reference no: EM132908030

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