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Shaggy Limited purchased a new van on January 1, 2011. The van cost $42,000. It has an estimated life of Five years and the estimated

Shaggy Limited purchased a new van on January 1, 2011. The van cost $42,000. It has an estimated life of Five years and the estimated residual value is $4,500. Shaggy uses the double-declining-balance method to compute depreciation.

What is the adjusted balance in the Accumulated Depreciation account at the end of 2012?

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