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Dazzle Company purchased a new car for use in its business on January 1, 2017. It paid $26,000 for the car. Dazzle expects the car
Dazzle Company purchased a new car for use in its business on January 1, 2017. It paid $26,000 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 2017, 35,000 miles during 2018, 80,000 miles in 2019, and 55,000 miles in 2020, for total expected miles of 250,000. Read the requirements. (Complete all answer boxes. Enter a "0" for any zero values.) Straight-line method Annual Depreciation Accumulated Year Expense Depreciation Book Value Start 2017 2018 2019 2020 Elegant Company purchased a new car for use in its business on January 1, 2017. It paid $21,000 for the car. Elegant expects the car to have a useful life of four years with an estimated residual value of zero. Elegant expects to drive the car 20,000 miles during 2017, 35,000 miles during 2018, 10,000 miles in 2019, and 135,000 miles in 2020, for total expected miles of 200,000. Read the requirements. (Complete all answer boxes. Enter a "0" for any zero values.) Double-declining-balance method Annual Accumulated Depreciation Expense Year Depreciation Book Value Start 2017 2018 2019 2020
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