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Gulfcoast, Inc. purchased a van on January 1 , 2 0 2 6 , for $ 8 5 0 , 0 0 0 . Estimated

Gulfcoast, Inc. purchased a van on January 1,2026, for $850,000. Estimated life of the van was five (5) years, and its estimated residual value was $101,000. Gulfcoast Inc. uses the straight - line method of depreciation. Calculate the book value of the van at the end of 2026.
A. $700,200
B. $690,625
C. $796,875
D. $749,000
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