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A compary owns and operates a dellvery van that originally cost $38,080. Straight-line deprecistion on the van hass been recorded for three years, with a

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A compary owns and operates a dellvery van that originally cost $38,080. Straight-line deprecistion on the van hass been recorded for three years, with a $2.200 expected salvage value at the end of its extimuted slac-year wseful the. Depreciation was last reconded at the end of the third yoar, at which time the compary sellis the van. answers if its neceessany - Additionally, dont Insert a dollar sigen into your answes, as one is alievady placed before the bax where you will place your answer. Please anly insert the numerical wallies. a. Compute the net book value of the van on the sale date. $ b. Compute the gain or loss on sale of the van if its sales price is for: (When applicable, use a leading minus sign with answers to indicate there is a loss on sale.) 1. Cash equal to book value of van. 2. $21,200 cash. 3. $16,600 cash

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