On the first day of the yeOn the first day of the year a business purchases a van at a cost of 10,000 to be used for 4 years. The business uses a straight line depreciation policy. On the very last day of the year, the business sells the van for 8000. The business charged a full years depreciation in the year of disposal. Record each stage of the transaction to fully show the debit/credit impact on each relevant account: ar a business purchases a van at a cost of 10,000 to be used for 4 years. The business uses a straight line depreciation policy. On the very last day of the year, the business sells the van for 8000. The business charged a full years depreciation in the year of disposal. Record each stage of the transaction to fully show the debit/credit impact on each relevant account

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Of course this is the way you would record each phase of the exchange Acquisition of the Van Charge ... View the full answer