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Sunland Company purchased a new van for floral deliveries on January 1, 2018. The van cost $65000 with an estimated life of 5 years and

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Sunland Company purchased a new van for floral deliveries on January 1, 2018. The van cost $65000 with an estimated life of 5 years and $13500 salvage value at the end of its useful life. The double-declining-balance method of depreciation will be used. What is the depreciation expense for 2018? $20600 $13000 $26000 $10300

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