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Downey purchased a used van for use in its business on January 1, 2017. It paid $18,000 for the van. Downey expects the van to
Downey purchased a used van for use in its business on January 1, 2017. It paid $18,000 for the van. Downey expects the van to have a useful life of four years, with an estimated residual value of $1,500. Downey expects to drive the van 21,000 miles during 2017, 20,000 miles during 2018, 25,000 miles in 2019, and 99,000 miles in 2020, for total expected miles of 165,000. Read the requirements. (Complete all answer boxes. Enter a "O" for any zero values.) Double-declining-balance method Annual Depreciation Accumulated Year Expense Depreciation Book Value Start 2017 2018 2019 2020 o Gleason purchased a used van for use in its business on January 1, 2017. It paid $18,000 for the van. Gleason expects the van to have useful life of four years, with an estimated residual value of $1,500. Gleason expects to drive the van 21,000 miles during 2017, 22,000 miles during 2018, 25,000 miles in 2019, and 97,000 miles in 2020, for total expected miles of 165,000. Read the requirements. (Complete all answer boxes. Enter a "0" for any zero values.) Straight-line method Annual Accumulated Depreciation Expense Year Depreciation Book Value Start 2017 2018 2019 2020
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