Question: Can you help me solve this general accounting question using valid accounting techniques? On January 1, 20X3, BetaFleet purchased a van for $36,000. The van

Can you help me solve this general accounting question using valid accounting techniques?

On January 1, 20X3, BetaFleet purchased a van for $36,000. The van has an estimated useful lite of 120,000 miles and a residual value of $6,000. In the first year (20X3), the van was driven 24,000 miles. What is the depreciation expense for the van in 20X3? a. $6,000 b. $7,200 c. $4,800 d. $30,000

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