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Gleason purchased a used van for use in its business on January 1, 2017. It paid $16,000 for the van. Gleason expects the van to
Gleason purchased a used van for use in its business on January 1, 2017. It paid $16,000 for the van. Gleason expects the van to have a useful life of four years, with an estimated residual value of $1,300. Gleason expects to drive the van 14,000 miles during 2017, 18,000 miles during 2018, 20,000 miles in 2019, and 63,000 miles in 2020, for total expected miles of 105,000. Read the requirements (Complete all answer boxes. Enter a "O" for any zero values.) AE Straight line method Annual al Depreciation Expense Accumulated Depreciation Year Book Value 16000 Start 2017 2018 2019 2020 1300 2
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