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Assume you have a flower shop and you bought a delivery van for $35,000. You expect the van to remain in service for three years

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Assume you have a flower shop and you bought a delivery van for $35,000. You expect the van to remain in service for three years (138,000km). At the end of its useful life, you estimate that the van's residual value will be $1,880. You estimate the van will travel 36,000km the first year, 56,000km the second year, and 46,000km the third year. Prepare an estimate of the depreciation expense per year for the van under the three depreciation methods. Show your computations. Which method do you think tracks the useful life cost on the van most closely? How does management determine which depreciation method to use? Begin by calculating straight-line depreciation expense for each year. (Round the amounts for depreciation

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