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Levin Ltd purchases a new vehicle costing $80,000 with an estimated useful life of four years and a residual value of $15,000. Calculate the first
Levin Ltd purchases a new vehicle costing $80,000 with an estimated useful life of four years and a residual value of $15,000. Calculate the first years depreciation expense using the straight-line method:
Select one:
a.
$16,250.
b.
$20,000.
c.
$16,000.
d.
$13,000.
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