I. Credit Company purchased a delivery van on June 1, 2016 for $45,000. The van...
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I. Credit Company purchased a delivery van on June 1, 2016 for $45,000. The van was expected to remain in service for 4 years (or 100,000 miles) and has a residual value of $5,000. The van traveled 30,000 miles the first year, 25,000 miles the second year, and 22,500 miles in the third and fourth year. Prepare a schedule of Depreciation e per year for the years of the asset's life using A) Straight-line method; B) Units of production method; and C) Double declining balance method. Deprec. Method 2016 2017 2018 2019
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