Multiple Choice
Iverycoast Inc. purchased a van on January 1, 2015, for $800,000. Estimated life of the van was 5 years, and its estimated residual value was $90,000. Iverycoast uses the straight-line method of depreciation. Calculate the book value of the van at the end of 2015.
A) $650,000,
B) $750,000
C) $710,000
D) $658,000
Correct Answer:
Verified
Correct Answer:
Verified
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