On March 2,2014,Glen Industries Purchased a Fleet of Automobiles at a Cost

Multiple Choice

On March 2,2014,Glen Industries purchased a fleet of automobiles at a cost of $550,000.The cars are to be depreciated by the straight-line method over five years with no salvage value.Glen uses the half-year convention to compute depreciation for fractional periods.The book value of the fleet of automobiles at December 31,2015,will be:

A) $165,000.
B) $330,000.
C) $495,000.
D) $385,000.