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Shaggy Limited purchased a new van on January 1, 2014. The van cost $36,000. It has an estimated life of eight years and the estimated

Shaggy Limited purchased a new van on January 1, 2014. The van cost $36,000. It has an estimated life of eight years and the estimated residual value is $4,000. Shaggy uses the double-declining-balance method to compute depreciation.

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