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Tidy Limited purchased a new van on January 1, 2018. The van cost $28,000. It has an estimated life of ten years and the estimated
Tidy Limited purchased a new van on January 1, 2018. The van cost $28,000. It has an estimated life of ten years and the estimated residual value is $3,000. Tidy uses the double-declining-balance method to compute depreciation. What is the adjusted balance in the Accumulated Depreciation account at the end of 2019?
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$8,960.
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$1,120
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$10,080.
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$2,800
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