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Hey, I need help on how to do these two questions. I understand the other two methods but not this one. I will thumbs up
Hey, I need help on how to do these two questions. I understand the other two methods but not this one. I will thumbs up if both are answered amd explained!
Dazzle Company purchased a new car for use in its business on January 1, 2020. It paid $23,000 for the car Dazzle expects the car to have a useful life of four years with an estimated residual value of zero Dazzle expects to drive the car 10,000 miles during 2020, 35,000 miles during 2021, 70,000 miles in 2022, and 69,000 miles in 2023, for total expected miles of 184,000 Read the requirements. (Complete all input fields Enter a "O" for any zero values) Double-declining-balanco mothod Annual Depreciation Accumulated Expense Depreciation Book Value Year Start 2020 2021 2022 2023 Odell purchased a used van for use in its business on January 1, 2020. It paid $16,000 for the van Odell expects the van to have a useful life of four years, with an estimated residual value of $1,300 Odell expects to drive the van 26,000 miles during 2020, 30,000 miles during 2021, 21,000 miles in 2022, and 28,000 miles in 2023, for total expected miles of 105,000 Read the requirements. (Complete all input fields Enter a "0" for any zero values.) Double-doclining balance method Annual Depreciation Accumulated Expense Depreciation Book Value Year Start 2020 2021 2022 2023 Step by Step Solution
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