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When the calculations for the requirements below are correct, the cells will change to yellow. On April 1 , 2 0 2 1 , the
When the calculations for the requirements below are correct, the cells will change to yellow.
On April the Excel Delivery Company purchased a delivery van for $ At the end of its fiveyear service life, it is estimated that the
van will be worth $ During the fiveyear period, the company expects to drive the van miles. In the van was driven for miles
and miles in
Required:
Calculate annual depreciation for the fiveyear life of the van using each of the following methods.
a Calculate depreciation expense for and using straightline method.
b Calculate depreciation expense for and using doubledecliningbalance method.
c Calculate depreciation expense for and using unitsofproduction using hours operated.
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