Atruck costs $16,000 with a residual value of $1,000. it has an estimated useful life of five years. if the
truck was bought on july 3, what would be the book value at the end of year 1 using straight-line rate?

answer: the answer is one of

step-by-step explanation:   we are given to write a proper fraction where the whole is divided into an even number of equal parts less than ten, and an odd number of those parts exist.

an even number less than 10 may be one of 2, 4, 6 or 8. so, the whole may be one of these four evens.

now, an odd number of these parts must exist, so the numerator must be an odd number, one of 1, 3, 5 or 7. it cannot be 9 because then the fraction will become improper.

thus, our fraction may be one of the following

the correct option is b

step-by-step explanation: