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Required information

EX $16-32($Algo$)$ Gain or Loss on Disposal $($Section $2)($LO $16-4)$

$[$The following information applies to the questions displayed below.$]$

In December of $204,$ Atlas Chemical Corporation sold a forklift for $$9,100.$ The machine was purchased in $201$ for

$$45,000.$ Since then $$34,200$ in depreciation has been recorded on the forklift.

EX $16-32($Algo$)$ Part $1$ What was the forklift's book value at the time of sale?

Required:

What was the forklift's book value at the time of sale?

Book value