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Cookie Creations 10 a-b,c,e (Part Level Submission) Natalie is thinking of buying a van that will be used only for business. The cost of the
Cookie Creations 10 a-b,c,e (Part Level Submission) Natalie is thinking of buying a van that will be used only for business. The cost of the van is estimated at $36,500. Natalie would spend an additional $2,500 to have the van painted. In addition, she wants the back seat of the van removed so that she will have lots of room to transport her mixer inventory as well as her baking supplies. The cost of taking out the back seat and installing shelving units is estimated at $1,500. She expects the van to last about 5 years, and she expects to drive it for the van will sell for $7.500. Assume that she will buy the van on August 15, 2020, and it vill be ready for use on September 1, 2020. Natalie is concerned about the impact of the van's cost on her income statement and balance sheet. She has come to you for advice on calculating the van's depreciation. Cookie Creations 10 a-b,c,e (Part Level Submission) Natalie is thinking of buying a van that will be used only for business. The cost of the van is estimated at $36,500. Natalie would spend an additional $2,500 to have the van painted. In addition, she wants the back seat of the van removed so that she will have lots of room to transport her mixer inventory as well as her baking supplies. The cost of taking out the back seat and installing shelving units is estimated at $1,500. She expects the van to last about 5 years, and she expects to drive it for the van will sell for $7.500. Assume that she will buy the van on August 15, 2020, and it vill be ready for use on September 1, 2020. Natalie is concerned about the impact of the van's cost on her income statement and balance sheet. She has come to you for advice on calculating the van's depreciation
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