Lani bought a car at the beginning of the year for $28,000. The van has an estimated life of 10 years and a salvage value of $8,000 at the end of the 10-year period. What is the book value after the first year?

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The Answer of Lani bought a car at the beginning of the year for $28,000. The van has an estimated life of 10 years and a salvage value of $8,000 at the end of the 10-year period. What is the book value after the first year?

Lani Bought a Car at the Beginning of the Year