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Shaggy Limited purchased a new van on January 1, 2014. The van cost $40,000. 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 $40,000. It has an estimated life of ten years and the estimated residual value is $3,500. Shaggy uses the double-declining-balance method to compute depreciation. value: 5.00 points What is the adjusted balance in the Accumulated Depreciation account at the end of 2015? O $14,400. o $1,600 O $4,000 O . $12,800

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