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The Shop Right Shopping Complex purchased a delivery van for $33,850. The van has a useful...

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Finance

The Shop Right Shopping Complex purchased a delivery van for$33,850. The van has a useful life of five years and an estimatedsalvage value at $1,250. Prepare a depreciation schedule for thevan using the (a) double-declining balance method (b)sum-of-the-year's digit method.

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a doubledeclining balance methodIn doubledeclining balance method depreciation is charged attwice the rate of depreciation as per the straight line methoddoubledeclining balance method 2cost of theassetdepreciation ratedepreciation rate 1useful life100 15100 02100 20So depreciation will    See Answer
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