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    Business
  3. Study Set
    Business Math Using Excel
  4. Exam
    Exam 13: Depreciation
  5. Question
    Dawn Bought a Van at the Beginning of the Year
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Dawn Bought a Van at the Beginning of the Year

Question 2

Question 2

Essay

Dawn bought a van at the beginning of the year for $24,000. The van has an estimated life of 8 years and a salvage value of $5,500 at the end of the 8-year period. What is the depreciation using the straight-line method?

Correct Answer:

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