A delivery van was bought for $18,000. The estimated life of the van is four years. The
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A delivery van was bought for $18,000. The estimated life of the van is four years. The trade-in value at the end of four years is estimated to be $2,000.
Required
Prepare a depreciation schedule for the four-year period using the straight-line method.
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YEAR 1 2 3 4 DEPRECIATION FOR THE YEAR 16000 16000 160...View the full answer
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