(Answered) Lazer incorporated purchased a delivery van for 29000 its

Statistics

Lazer Incorporated purchased a delivery van for $29,000. Its useful life is estimated as 5 years, with a salvage value of $2,000. Using the sum-of-the-years' digits depreciation method, calculate the book value at the end of year 3.

$5,400
$7,400
$12,800
$21,600

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