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Moser purchased a used van for use in its business on January 1, 2020. It paid $15,000 for the van. Moser expects the van
Moser purchased a used van for use in its business on January 1, 2020. It paid $15,000 for the van. Moser expects the van to have a useful life of four years, with an estimated residual value of $1,200. Moser expects to drive the van 26,000 miles during 2020, 27,000 miles during 2021, 9,000 miles in 2022, and 30,000 miles in 2023, for total expected miles of 92.000. Read the requirements. (Complete all input fields. Enter a "O" for any zero values. Use three decimal places for the depreciation cost per mile.) Annual Depreciation Units-of-production method Accumulated Year Expense Depreciation Book Value Start 2020 2021 2022 2023
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