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please help Odell purchased a used van for use in its business on January 1,2020 . It paid $9,000 for the van. Odell expects the
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Odell purchased a used van for use in its business on January 1,2020 . It paid $9,000 for the van. Odell expects the van to have a usetul itfe of four yoars, with an estimated residual vilue of $600 Odell expects to drive the van 18,000 miles during 2020, 40,000 miles during 2021, 11,000 miles in 2022, and 1,000 mies in 2023, for total expected miles of 70,000 . Resd the (Complete at input felds. Enler a " 0 " for any zero values. Use three decimal places for the depreciafion cont per mile.) ased a used van for use in its business on January 1,2020 . It paid $9,000 for the van. Odell expects the van to have a useful life of four y is to drive the van 18,000 miles during 2020,40,000 miles during 2021, 11,000 miles in 2022, and 1,000 miles in 2023, for total expected quirements. (Complete all input fields. Enter a "0" for any zero values. Use three decimal places for the depreciation cost per mile.) \begin{tabular}{|l|l|} \hline AnnualDepreciaticExpense & \multicolumn{1}{r|}{ Requirements } \\ \hline Usingtheunits-of-productionmethodofdepreciation(withmilesastheproductionunit),calculatethefollowingamountsforthevanforeachofthefouryearsofitsexpectedlife(donotroundhere;usethreedecimalplacesforthedepreciationcostpermile):a.Depreciationexpenseb.Accumulateddepreciationbalancec.Bookvalue \\ \hline \end{tabular} Step by Step Solution
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