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Downey purchased a used van for use in its business on January 1,2020 . It paid $16,000 for the van. Downey oxpects the van to

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Downey purchased a used van for use in its business on January 1,2020 . It paid $16,000 for the van. Downey oxpects the van to have a useful life of four years, with an estimated residual value of $1,300. Downey expects to dive the van 40,000 miles during 2020, 22,000 miles during 2021, 20,000 miles in 2022, and 23,000 miles in 2023, for total expected miles of 105,000. Read the requirements. (Complote all input fields. Enter a "0" for any zero values.) Requirements Using the double-declining-balance method of depreciation, calculate the following amounts for the van for each of the four years of its expected life: a. Depreciaton expense b. Accumulated depreciation balance c. Book value

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