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Rapture Company purchased a new car for use in its business on January 1,2020. It...

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Accounting

Rapture Company purchased a new car for use in its business on January 1,2020. It paid $23,000 for the car. Rapture expects the car to have a useful life of four years with an estimated residual value of zero. Rapture expects to drive the car 70,000 miles during 2020,55,000 miles during 2021,10,000 miles in 2022, and 49,000 miles in 2023, for total expected miles of 184,000.
Read the requirements. (Complete all input fields. Enter a 0 for any zero values.)
Straight-line method
\table[[Year,\table[[Annual],[Depreciation],[Expense]],\table[[Accumulated],[Depreciation]],Book Value],[Start],[2020],[2021],[2022],[2023,,,]]
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