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AA purchased a van (cost: $50,000, salvage value: $5,000, useful life: 5 years). AA estimated the total usage of this van would be 100,000 miles.
| AA purchased a van (cost: $50,000, salvage value: $5,000, useful life: 5 years). |
AA estimated the total usage of this van would be 100,000 miles. During the first year, this van was used for 30,000 miles. What is the amount of book value at the end of 1st year?
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