Cat Corporation has the below facts. ### ### ### #### Other Information 1) Equipment Sale = June 30, 20X7 2) Accumulated Depreciation as of Dec 31, 20x6 = $18,000 3) Capitalized Cost of the Sold Equipment = $ 30,000 4) Depreciation Expense Per Year = $3,000 5) Life of the Sold Equipment = 10 Years 6) Salvage Value = None 7) Depreciation Method = Straight-Line Depr. Method 8) Cash Received from the Sold Equipment = $ 8,000 What is the book value of the sold equipment (on the day the equipment was sold, find the second number in the book value on the day the equipment was sold)? Book Value (second number) => Number => 2 or 3 Number -> 4 or 5 Number => 6 or 7 Number => 0 or 1 Number -> 8 or 9 Previous Next