Question
n January 2 nd , Jenny purchased a delivery van for cash. Jenny estimates that the business will use the van for 8 years and
n January 2nd, Jenny purchased a delivery van for cash. Jenny estimates that the business will use the van for 8 years and that it will have a resale value after 8 years for 30% of the purchase price. In addition to the purchase price of the van, Jenny had to pay $1,000 for tax and delivery charges. whats the depreciation expense using double declining method. The purchase price for the van is $21900.
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
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