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Dazzle Company purchased a new car for use in its business on January 1, 2020. It paid $28,000 for the car. Dazzle expects the
Dazzle Company purchased a new car for use in its business on January 1, 2020. It paid $28,000 for the car. Dazzle expects the car to have a useful life of four years with an estimated residual value of zero. Dazzle expects to drive the car 80,000 miles during 2020, 15,000 miles during 2021, 50,000 miles in 2022, and 15,000 miles in 2023, for total expected miles of 160,000. Read the requirements. (Complete all input fields. Enter a 0 for any zero values.) Annual Straight-line method Accumulated Depreciation Year Expense Depreciation Book Value Start 28,000 2020 14,000 2021 2,625 2022 8,750 0.175 2023 2,625
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