Answer (Choose 1 answer)
A. $8,000
B. $15,000
C. $1,600
D. $16,000
E. $4,000
(2313)Realistic Company purchased a new truck on January 1, 20X1. The truck cost $20,000, has a four-year life, and a $4,000 residual value. The company has a December 31 year end. If Realistic Company depreciated the truck by the straight-line method. How much should Realistic report as the book value of the truck at the end of 20X3?
Exit 22
