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Mazaya Company purchased a new van for floral deliveries on January 1, 2011. The van cost R.0.40,000 with an estimated life of 5 years and
Mazaya Company purchased a new van for floral deliveries on January 1, 2011. The van cost R.0.40,000 with an estimated life of 5 years and R.0.10,000 residual value at the end of its useful life. The double-declining-balance method of depreciation will be used. What is the balance of the Accumulated Depreciation account at the end of 2011? Select one: a. R.O.16,000 b.R.O.10,600 c.R.O.8,400 d. R.O.25,600
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