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A delivery van that cost $40,000 has an expected service life of eight years and a residual value of $ 4,000 .Depreciation expense for the

A delivery van that cost $40,000 has an expected service life of eight years and a residual value of $ 4,000 .Depreciation expense for the second year of the asset's life using the straight-line method is:

a) 4500

b)7000

c)8000

d) all the answer choices are incorrect.

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