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4.) A cargo van purchased by Tigers Transport should last 5 years. The purchase price was $120,000. The trade-in value is $10,000. ( 1 )
4.) A cargo van purchased by Tigers Transport should last 5 years. The purchase price was
$120,000. The trade-in value is $10,000.
( 1 ) Using the double declining balance method, calculate the accumulated depreciation at the end of year 2. Round the declining balance rate to 4 decimal places, and all dollar amounts to the nearest cent.
5.) Barb is a 47 year old female and wants to purchase $209,000 in straight life insurance. If
the rate per thousand from the chart shows rate per thousand of $18.29, how much would
the life insurance cost her?
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