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End of Year Amounts Year Depreciation Expense Accumulated Depreciation Book Value 1 2 3 4 TotalDanube recently acquired a delivery van for $22,300 paying cash.
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Year | Depreciation Expense | Accumulated Depreciation | Book Value |
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3 | |||
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TotalDanube recently acquired a delivery van for $22,300 paying cash. Danube projects a 4 year useful service life and a remaining residual value on the delivery van of $2,200. Danube expects to drive the van 108,000 miles during the useful service life. Please compute the annual depreciation for the 4 year life of the delivery van for each of these methods: |
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