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Elegant Company purchased a new car for use in its business on January 1, 2020. It paid $28,000 for the car. Elegant expects the car
Elegant Company purchased a new car for use in its business on January 1, 2020. It paid $28,000 for the car. Elegant expects the car to have a useful life of four years with an estimated residual value of zero. Elegant expects to drive the car 10,000 miles during 2020, 25,000 miles during 2021, 40,000 miles in 2022, and 85,000 miles in 2023, for total expected miles of 160,000. Read the requirements. (Complete all input fields. Enter a 0 for any zero values.) Straight-line method Annual Depreciation Accumulated Year Expense Depreciation Book Value Start 28,000 2020 2021 2022 2023 1 In B
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