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a company purchased a delivery van on October 1, Y1 for $50,000. the van is expected to last 6 years and has a storage value
a company purchased a delivery van on October 1, Y1 for $50,000. the van is expected to last 6 years and has a storage value of $2000. The companies annual accounting period ends on December 31 and depreciates its assets using the straight-line method.
What is accumulated depreciation at December 31, Y3
Enter the value as a whole number, with no decimals points or any other symbols.
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