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On July 1, 2017, Yuki Sporting Goods purchased a delivery van for $30,000. Yuki expected that the van would have a five-year useful life, after

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On July 1, 2017, Yuki Sporting Goods purchased a delivery van for $30,000. Yuki expected that the van would have a five-year useful life, after which its residual value would be $6,000. Yuki uses double-diminishing-balance depreciation for all of its fixed assets. On December 31, 2017, Yuki sold the van. What is the balance of Depreciation Expense for year 2017? $6,000. $4,800. $12,000. $9,600

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