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Gleason purchased a used van for use in its business on January 1 , 2 0 2 0 . It paid $ 1 8 ,
Gleason purchased a used van for use in its business on January It paid $ for the van. Gleason expects the van to have a useful life of four years, with an estimated residual value of $ Gleason expects to drive the van miles during miles during miles in and miles in for total expected miles of
Read the requiremntsComplete all input fields. Enter a for any zero values. Use three decimal places for the depreciation cost per mile.
Unitsofproduction method
tabletableAnnualDepreciationExpensetableAccumulatedDepreciationYear Book Value,,Start
Requirements
Using the unitsofproduction method of depreciation with miles as the production unit calculate the following amounts for the van for each of the four years of its expected life do not round here; use three decimal places for the depreciation cost per mile:
a Depreciation expense
b Accumulated depreciation balance
c Book value
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