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Gleason purchased a used van for use in its business on January 1,2020 . It paid $15,000 for the van. Gleason expects the van to
Gleason purchased a used van for use in its business on January 1,2020 . It paid $15,000 for the van. Gleason expects the van to have a useful life of four years with an estimated residual value of $1,200. Gleason expects to drive the van 14,000 miles during 2020,18,000 miles during 2021,21,000 miles in 2022 , and 39,000 miles in 2023 , for total expected miles of 92,000 . Read the (Complete all input fields. Enter a "0" for any zero values. Use three decimal places for the depreciation cost per mile.)
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