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Newton Company purchased a new van for floral deliveries on January 1,2020 . The van cost $172,000 with an estimated life of 6 years and

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Newton Company purchased a new van for floral deliveries on January 1,2020 . The van cost $172,000 with an estimated life of 6 years and $17,000 salvage value at the end of its useful life. The double-declining-balance method of depreciation will be used. Calculate the depreciation expense for 2020. (Answer should be rounded to the nearest dollar, i.e. 3,078.923 would be entered as 3,079)

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