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Chapters 7,8 & 9 Friday's edition The Ming Mi Company purchased a delivery vehicle for $26,000 on January 1, 2017 and put the vehicle into

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Chapters 7,8 & 9 Friday's edition The Ming Mi Company purchased a delivery vehicle for $26,000 on January 1, 2017 and put the vehicle into service the same day. The company expects the vehicle to have a salvage value of $4,000 at the end of its 4-year useful life. During its useful life, the vehicle is expected to be driven a total of 440,000 miles. Actual annual mileage was 2017, 70,000 miles 2018: 160.000 miles: 2019, 125,000 miles. Instructions Record the depreciation expense using the following methods for years 1 and 2: A. Straight Line B. Units of Activity C. Double Declining Balance Purch BTE backspace enter

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