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Tidy Limited purchased a new van on January 1, 2018. The van cost $55,000. It has an estimated life of Five years and the estimated
Tidy Limited purchased a new van on January 1, 2018. The van cost $55,000. It has an estimated life of Five years and the estimated residual value is $5,000. 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? Multiple Choice $11,000 $35,200. O $26,400. $8,800
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