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Shaggy Limited purchased a new van on January 1, 2011. The van cost $20,000. It has an estimated life of frue years and the estimated

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Shaggy Limited purchased a new van on January 1, 2011. The van cost $20,000. It has an estimated life of frue years and the estimated residual value is $5,000. Shaggy uses the doubledeclining-balance method to compute depreciation. What is the adjusted balance in the Accumulated Depreciation account at the end of 2012? $3,200 $4,800 $9,600 $12,800

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