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2) A small used delivery van can be purchased for $20,000. At the end of its useful life (8 years), the van can be sold

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2) A small used delivery van can be purchased for $20,000. At the end of its useful life (8 years), the van can be sold $3,000. Determine the present worth (PW) of the depreciation schedule based on 15% interest rate. a) Straight-line depreciation! b) Sum-of-years'-digits depreciation c) Double declining balance depreciation d) MACRS depreciation

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