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Molly's Mobile Pet Grooming Service recently purchased a cargo van for $26,000. For depreciation purposes, the van is expected to to have a useful life

Molly's Mobile Pet Grooming Service recently purchased a cargo van for $26,000. For depreciation purposes, the van is expected to to have a useful life of 6 years and have a trade-in value of $3500. Molly uses the double-declining-balance method to calculate depreciation. A-What is the book value at the end of the first year? B-What is the accumulated depreciation by the end of the second year? C-What is the annual depreciation in the third year?

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