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Mackey purchased a used van for use in its business on January 1, 2020. It paid $18,000 for the van. Mackey expects the van
Mackey purchased a used van for use in its business on January 1, 2020. It paid $18,000 for the van. Mackey expects the van to have a useful life of four years, with an estimated residual value of $1,500. Mackey expects to drive the van 15,000 miles during 2020, 16,000 miles during 2021, 11,000 miles in 2022, and 123,000 miles in 2023, for total expected miles of 165,000. Read the requirements. (Complete all input fields. Enter a 0 for any zero values.) Annual Depreciation. Straight-line method Accumulated Year Expense Depreciation Book Value Start 2020 2021 2022 2023
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