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2. A Fun Travels Van costs $58,000 and is expected to last 8 years. Residual value is expected to be 2,000. How much depreciation should

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2. A Fun Travels Van costs $58,000 and is expected to last 8 years. Residual value is expected to be 2,000. How much depreciation should Fun Travels record for the second year under the straight-line method? 5. A Fun Travels Airline jet costs $58,000,000 and is expected to fly 300,000,000 miles during its 15- year life. Residual value is expected to be zero because the plane was used when acquired. If the plane travels 75,000,000 miles the first year, how much depreciation should Fun Travels Airline record under the units-of-production method? A. $28,999 B. $14,475,000 C. $14,500,000 D. Cannot be determined from the data given

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