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8 15 pts A company purchased a delivery van on October 1 of the current year at a cost of $57.000. The van is expected
8 15 pts A company purchased a delivery van on October 1 of the current year at a cost of $57.000. The van is expected to last seven years and has a salvage value of $1.000. The company's annual accounting period ends on December 31. 1. What is the entry the company will make on December 31 of the current year, assuming the straight-line method is used? 2. What is the book value of the van at the end of the second year? Edit View Format Tis Talle 2p Paragraph B
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