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Shaggy Limited purchased a new van on January 1, 2014. The van cost $28,000. It has an estimated life of ten years and the estimated

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Shaggy Limited purchased a new van on January 1, 2014. The van cost $28,000. It has an estimated life of ten years and the estimated residual value is $3,000. Shaggy uses the double-declining-balance method to compute depreciation. What is the adjusted balance in the Accumulated Depreciation account at the end of 2015? Multiple Choice $8,960 $1,120 $2,800 $10,080 a Prem

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