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Tidy Limited purchased a new van on January 1, 2021. The van cost $32,000. It has an estimated life of eight years and the

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Tidy Limited purchased a new van on January 1, 2021. The van cost $32,000. It has an estimated life of eight years and the estimated residual value is $3,200. Tidy uses the double-declining-balance method to compute depreciation. What is the depreciation expense for 2021? Multiple Choice $4,000 $3,600 $7,200 $8,000

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