Answer :
Answer:
$41,000
Explanation:
The computation of the book value after four years is shown below:
= (Purchase value of delivery truck - estimated residual value) ÷ (estimated useful life)
= ($65,000 - $5,000) ÷ (10 years)
= ($60,000) ÷ (10 years)
= $6,000
For four years, the depreciation would be
= $6,000 × 4 years
= $24,000
In this method, the depreciation is same for all the remaining useful life
Now the book value would be
= Acquired value of a delivery truck - accumulated depreciation
= $65,000 - $24,000
= $41,000