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5) Tidy Limited purchased a new van on January 1, 2020. The van cost $20,000. It has an estimated life of five years and

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5) Tidy Limited purchased a new van on January 1, 2020. The van cost $20,000. It has an estimated life of five years and the estimated residual value is $5,000. Tidy uses the double-declining-balance method to compute depreciation. What is the depreciation expense recorded for year 2 (2021)? A) $4,800 B) S12,800 C) $3,200 D) $9,600

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