RP&A,Inc Purchased Some Fixed Assets Four Years Ago at a Cost

Multiple Choice

RP&A,Inc. purchased some fixed assets four years ago at a cost of $19,800. It no longer needs these assets so is going to sell them today at a price of $3,500. The assets are classified as 5-year property for MACRS. What is the current book value of these assets?

A) $1,140.48
B) $3,421.44
C) $3,500.00
D) $4,016.67
E) $5,702.40