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Gleason purchased a used van for use in its business on January 1, 2020. It paid $17,000 for the van. Gleason expects the van to

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Gleason purchased a used van for use in its business on January 1, 2020. It paid $17,000 for the van. Gleason expects the van to have a useful life of four years, with an estimated residual value of $1,400. Gleason expects to drive the van 18,000 miles during 2020,16,000 miles during 2021,10,000 miles in 2022, and 56,000 miles in 2023, for total expected miles of 100,000 . Read the requirements. (Complete all input fields. Enter a 0 for any zero values.) Requirements Using the straight-line 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

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