Question: A small used delivery van can be purchased for $18,000. At the end of its useful life (eight years), the van can be sold for

A small used delivery van can be purchased for $18,000. At the end of its useful life (eight years), the van can be sold for $2,500. Determine the PW of the depreciation schedule based on 10% interest using:

(a) Straight-line depreciation

(b) Sum-of-the-years'-digits depreciation

(d) Double declining balance depreciation

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