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Mackey purchased a used van for use in its business on January 1 , 2 0 2 0 . It paid $ 1 8 ,

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 31,000 miles during 2020,22,000 miles during 2021,14,000 miles in 2022, and 98,000 miles in 2023, for total expected miles of 165,000.
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\table[[Double-declining-balance method],[,\table[[Annual],[Depreciation],[Expense]],\table[[Accumulated],[Depreciation]],Book Value],[Year,,,],[Start,,,],[2020,,,],[2021,,,],[2022,,,],[2023,,,]]
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