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The price of a delivery van purchased by Challenge Industries was $18,700. It cost $411 for delivery. The salvage value at the end of 5

The price of a delivery van purchased by Challenge Industries was $18,700. It cost $411 for delivery. The salvage value at the end of 5 years is $2,040. Prepare a depreciation schedule using the double declining balance method, then enter the annual depreciation for year 5 as your answer. Round the declining balance rate to 4 decimal places, and all dollar amounts to the nearest cent.

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