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Grey Company purchased a new van for floral deliveries on April 1, 2019. The van cost $48,000 with an estimated life of 6 years
Grey Company purchased a new van for floral deliveries on April 1, 2019. The van cost $48,000 with an estimated life of 6 years and $6,000 residual value at the end of its useful life. The double-declining-balance method of depreciation will be used and December 31 is fiscal year end. What is the balance of the Accumulated Depreciation account at December 31 2019? $10,500 $14,000 $16,000 $12,000
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
