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Delight Company purchased a new car for use in its business on January 1, 2020. It paid $20,000 for the car. Delight expects the car
Delight Company purchased a new car for use in its business on January 1, 2020. It paid $20,000 for the car. Delight expects the car to have a useful life of four years with an estimated residual value of zero. Delight expects to drive the car 60,000 miles during 2020, 45,000 miles during 2021, 10,000 miles in 2022, and 10,000 miles in 2023, for total expected miles of 125,000. Read the requirements. (Complete all input fields. Enter a 0 for any zero values.) Units-of-production method Annual Depreciation Accumulated Expense Depreciation Book Value 20,000 Year Start 2020 5000 5000 15000 2021 5000 10000 10000 2022 5000 15000 5000 2023 5000 20,000 0
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