What Would the Book Value Be at the End of Year

Multiple Choice

What would the book value be at the end of year 6 for a piece of equipment using the straight-line method when cost is $8,000, residual value is $1,400, and the expected life is 11 years? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)

A) $3,636
B) $3,600
C) $4,400
D) $3,000