Deacon Industries purchased a delivery vehicle on January 1,2019, for $30,000. They paid sales taxes...
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Deacon Industries purchased a delivery vehicle on January for $ They paid sales taxes of $ and one years insurance premium of $ on the same day. The company estimated a residual value of $ at the end of the fiveyear expected service life. Expected usage in miles of the new delivery vehicle is as follows:
Mileage estimates were based on expected increases in customers and the addition of a second delivery vehicle in
What was the book value of the vehicle at December under the straightline and unitsofproduction depreciation methods, respectively?
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