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On October 1, 2022, SportWorld purchased a delivery van for $ 23,000 with a residual value of $3000. The van has an estimated useful life
On October 1, 2022, SportWorld purchased a delivery van for $ 23,000 with a residual value of $3000. The van has an estimated useful life of 5 years. Calculate the straight-line depreciation and the half-year rule; how much depreciation expense should SportWorld recognize on December 31, 2022?
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Accounting Principles A Business Perspective
Authors: Roger H. Hermanson, James Don Edwards, Michael W. Maher
1st Edition
1680921851, 978-1680921854
