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Gulfcoast Company purchased a van on January 1, 2025, for $930,000. Estimated life of the van was five years, and its estimated residual value was

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Gulfcoast Company purchased a van on January 1, 2025, for $930,000. Estimated life of the van was five years, and its estimated residual value was $ 105,000. Gulfcoast Company uses the straight-line method of depreciation. Calculate the book value of the van at the end of 2025. O A. $755,625 O B. $825,000 O C. $871,875 O D. $765,000

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