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Gulfoons, Inc. purchased a van on January 1, 2025, for $880,000. Estimated life of the...

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Accounting

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Gulfoons, Inc. purchased a van on January 1, 2025, for $880,000. Estimated life of the van was five years, and its estimated residual value was $100,000. Gulfcoast inc uses the straight-line method of depreciation Calculate the book value of the van at the end of 2025. A $825.000 OB. $715,000 OC. $724,000 OD. 5780,000

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