Grafion Compary purchased a new car for use in its business on January 9,2020 ....
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Grafion Compary purchased a new car for use in its business on January 9,2020 . it paid $29.0c0 for the car. Grafion expects the car to have a iseful ife of four years with an estimated residual value of zero. Grafion expects to drive the car 40,000 miles during 2020,75,000 miles durng 2021, 90,000 miles in 2022, and 85,000 mies in 2023 , for fotal expected miles of 290,000 . Read the cequirements. (Complete al input fieids, Enter a "or for any zero values) Using the double-declining-balance method of depreciation, calculate the following amounts for the car for each of the four years of its expected life: a. Depreciation expense b. Accumulated depreciation balance c. Book value Grafion Compary purchased a new car for use in its business on January 9,2020 . it paid $29.0c0 for the car. Grafion expects the car to have a iseful ife of four years with an estimated residual value of zero. Grafion expects to drive the car 40,000 miles during 2020,75,000 miles durng 2021, 90,000 miles in 2022, and 85,000 mies in 2023 , for fotal expected miles of 290,000 . Read the cequirements. (Complete al input fieids, Enter a "or for any zero values) Using the double-declining-balance method of depreciation, calculate the following amounts for the car for each of the four years of its expected life: a. Depreciation expense b. Accumulated depreciation balance c. Book value
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