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Swifty Company purchased a new van for floral deliveries on January 1, 2021. The van cost $46000 with an estimated life of 5 years and
Swifty Company purchased a new van for floral deliveries on January 1, 2021. The van cost $46000 with an estimated life of 5 years and $15000 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 2021?
• $6200
• $9200
• $12400
• $18400
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Financial Accounting A User Perspective
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
6th Canadian Edition
470676604, 978-0470676608
