A company purchased new furniture at a cost of $16,000 on January 1. The furniture is estimated to have a useful life of 6 years value. The company uses the straight-line method of depreciation. What is the book value of the furniture on December 31 of the first year? A. $16,000 B. $15,000 C. $2.500 D. $13,500 E. $13.333
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Home » Business » A company purchased new furniture at a cost of $16,000 on January 1. The furniture is estimated to have a useful life of 6 years value. The company uses the straight-line method of depreciation.