Zinc Corp Purchases a Truck at the Beginning of Year 1

Multiple Choice

Zinc Corp. purchases a truck at the beginning of Year 1 at a cost of $16,500. The truck is estimated to have a useful life of 6 years and a trade-in value of $1,500. Assuming that Zinc Corp. uses the straight-line method of depreciation, the book value of the truck at the end of Year 1 is:

A) $13,580.
B) $14,000.
C) $12,000.
D) $11,670.