Charterhouse Services purchased a van on January 1,2012,for $56,000.It has an estimated life of 5 years,and an estimated salvage value of $6,000.Charterhouse uses straight-line depreciation.At the end of 2013,what was the book value of the asset?
A) $36,000
B) $30,000
C) $36,000.
D) $12,000
Correct Answer:
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