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Mobley purchased a used van for use in its business on January 1, 2017. It paid $17.000 for the van. Mobley expects the van to

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Mobley purchased a used van for use in its business on January 1, 2017. It paid $17.000 for the van. Mobley expects the van to have a useful ife of four years, with an estimated residual value of $1,400. Mobiey expects to drive the van 35,000 miles during 2017, 40,000 miles during 2018, 9,000 miles in 2019, and 16,000 miles in 2020, for total expected miles of 100,000 Read the requirements (Complete all answer boxes. Entora "O" for any zero values.) Requirements Double-declining balance method Annual Depreciation Accumulated Expense Depreciation Book Value Year Start 2017 2018 Using the double-declining balance method of depreciation, calculate the following amounts for the van for each of the four years of its expected life: a. Depreciation expense b. Accumulated depreciation balance C. Book value 2019 2020 Print Done] Enter any number in the edities and then click Check

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