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A Company Purchased a New Delivery Van on January 1,2012

Question 75

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A company purchased a new delivery van on January 1,2012 for $25,000.The company expects to use the van for 5 years and then sell it for $5,000.Complete the following depreciation table assuming straight-line depreciation:
 End of  Year  Cost of Delivery  Van  Depreciation  Expense  Accumulated  Depreciation, End  of Year  Book Value, End of  Year 12345\begin{array} { | c | c | c | c | c | } \hline \begin{array} { c } \text { End of } \\\text { Year }\end{array} & \begin{array} { c } \text { Cost of Delivery } \\\text { Van }\end{array} & \begin{array} { c } \text { Depreciation } \\\text { Expense }\end{array} & \begin{array} { c } \text { Accumulated } \\\text { Depreciation, End } \\\text { of Year }\end{array} & \begin{array} { c } \text { Book Value, End of } \\\text { Year }\end{array} \\\hline 1 & & & & \\\hline 2 & & & & \\\hline 3 & & & & \\\hline 4 & & & & \\\hline 5 & & & & \\\hline\end{array}

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