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Tidy Limited purchased a new van on January 1, 2021. The van cost $36,000. It has an estimated life of six years and the estimated
Tidy Limited purchased a new van on January 1, 2021. The van cost $36,000. It has an estimated life of six years and the estimated residual value is $3,600. Tidy uses the double-declining-balance method to compute depreciation. What is the depreciation expense for 2021?
Multiple Choice
$10,800
$5,400
$12,000
$6,000
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