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Gulfcoast Company purchased a van on January 1, 2019, for $800,000. Estimated life of the van was five years, and its estimated residual value was
Gulfcoast Company purchased a van on January 1, 2019, for $800,000. Estimated life of the van was five years, and its estimated residual value was $101,000. Gulfcoast uses the straightline method of depreciation. Calculate the book value of the van at the end of 2019
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