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Lovell purchased a used van for use in its business on Jianulty 1, 2020. It...

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Accounting

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Lovell purchased a used van for use in its business on Jianulty 1, 2020. It paid 59,000 for the vac. Lovel expects the van to have a usetul He of four years, with an estimated residual value of soco Lovell expects to drive the van 14,000 miles during 2020, 28,000 miles during 2021, 10,000 miles in 2022, and 18,000 mies in 2022 , for fotal expeched mies of 70,000 . Read the requiremects. (Complete as input felds. Enter a "O" lor any zero valoes. Use twee decimal places for the depreciation cost per mile)

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