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a van costing $25,000 with residual value of $5,000 was purchased by Diamond corporation. The van's estimated life is 10 years. what's the book value

a van costing $25,000 with residual value of $5,000 was purchased by Diamond corporation. The van's estimated life is 10 years. what's the book value at the end of year 2 using declining-balance method? assume a depreciation rate of twice the straight-line rate.

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