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Downey purchased a used van for use in its business on January 1, 2017. It paid $9.000 for the van. Downey expects the van to

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Downey purchased a used van for use in its business on January 1, 2017. It paid $9.000 for the van. Downey expects the van to have a useful life of four years, with an estimated residual value of $600. Downey expects to drive the van 24,000 miles during 2017, 18.000 miles during 2018, 10,000 miles in 2019, and 20,000 miles in 2020, for total expected miles of 70,000 Read the requirements (Complete all answer boxes, Enter a 'O' for any zero values.) Double-decling-balance method Annual Depreciation Expens Accumulated Depreciation Book Value Year Start 2017 2018 2019 2020 Enter any number in the edit fields and then click Check Answer All parts showing Clear All Check Answer 1 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. Depreciation expense b. Accumulated depreciation balance c. Book value Print Done

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