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Albatross Services scrapped a van. The van originally cost $40,000, had an estimated salvage value of $1,000, and an estimated life of 10 years. At

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Albatross Services scrapped a van. The van originally cost $40,000, had an estimated salvage value of $1,000, and an estimated life of 10 years. At the time it was scrapped, it was fully depreciated. What was the effect of scrapping the van

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