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Lovell purchased a used van for use in its business on January 1 , 2 0 2 0 . It paid $ 1 1 ,
Lovell purchased a used van for use in its business on January It paid $ for the van. Lovell expects the van to have a useful life of four years, with an estimated residual value of $ Lovell expects to drive the van miles during miles during miles in and miles in for total expected miles of
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tableStraightline methodYeartableAnnualDepreciationExpensetableAccumulatedDepreciationBook ValueStart
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