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Delansy purchased a used van for use in its business on January 1,2020 . It paid $11,000 for the van. Dolaney expects the van to
Delansy purchased a used van for use in its business on January 1,2020 . It paid $11,000 for the van. Dolaney expects the van to have a useful life of four years, wit estimated residual value of $800. Dolanoy expocts to drive the van 18,000 miles during 2020,16,000 miles during 2021, 25,000 miles in 2022 , and 22,600 miles in 2 for total expected miles of 81,600 . Read the requirements. (Complete al input fields. Enter a " " " for any zero values. Use three decimal places for the depreciafion cost per mile.) Requirements Using the units-of-production method of depeeciation (with miles as the production unit), calculate the following amounts for the van for each of the four years of its expected lfe (do not round here; use three deomal pleces for the depreciation cost per mile): a. Depreciation expense b. Aocumulated depreciation balance c. Dook value
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