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On January 1, 2022, Concord Unlimited purchased a new delivery van. The van cost $28000 with an estimated life of 5 years and $5700 residual

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On January 1, 2022, Concord Unlimited purchased a new delivery van. The van cost $28000 with an estimated life of 5 years and $5700 residual value. Double diminishing-balance depreciation will be used. What is the balance in the Accumulated Depreciation account at the end of 2023? $17920 O $8028 O $10080 O $14272

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