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Danube recently acquired a delivery van for $22,300 paying cash. Danube projects a 4 year useful service life and a remaining residual value on the
Danube recently acquired a delivery van for $22,300 paying cash. Danube projects a 4 year useful service life and a remaining residual value on the delivery van of $2,200. Danube expects to drive the van 108,000 miles during the useful service life. Please compute the annual depreciation for the 4 year life of the delivery van for the double-declining method
End of Year Amounts | |||
Year | Depreciation Expense | Accumulated Depreciation | Book Value |
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