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Moser purchased a used van for use in its business on January 1, 2017. It paid $16,000 for the van Moser expects the van to

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Moser purchased a used van for use in its business on January 1, 2017. It paid $16,000 for the van Moser expects the van to have a useful life of four years, with an estimated residual value of $1,300. Moser expects to drive the van 35,000 miles during 2017, 25,000 miles during 2018, 11,000 miles in 2019, and 34,000 miles in 2020, for total expected miles of 105,000 Read the requirements (Complete all answer boxes. Enter a "O" for any zero values.) Double-declining-balance method Annual Accumulated Depreciation Expense Year Depreciation Book Value Start 2017 2018 2019 2020 D i Requirements X n 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 Print Done

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