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Speed Delivery company purchases a delivery van for $40, 000. Speedy estimates that at the end of its four-year services life, the van will be

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Speed Delivery company purchases a delivery van for $40, 000. Speedy estimates that at the end of its four-year services life, the van will be worth $5, 200. During the four-year period the company expects to drive the van 174, 000 miles. Actual miles driven each year were 44, 000 miles in year 1 and 52, 000 miles in year 2

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