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Cab I get help with this question please? QUESTION 7 Goodfellow's Floral Shop purchased a new van at a cost of $60,000 with an expected

Cab I get help with this question please?

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QUESTION 7 Goodfellow's Floral Shop purchased a new van at a cost of $60,000 with an expected useful life of 5 years and an expected salvage second year? value of $10,000. Assuming Goodfellow's is using straight line depreciation, how much depreciation expense should be charged in the (Note: I have posted a depreciation grid, similar to those used in the labs, in the optional worksheets for the midterm - you are welcome to use the grid to help calculate the answer.) O $8,000 O $9,000 O $10,000 O $12,000

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