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Calculate the book value of the van at the end

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Question - Gulfcoast, Inc. purchased a van on January 1, 2025, for $950,000. Estimated life of the van was five years, and its estimated residual value was $101,000. Gulfcoast Inc. uses the straight - line method of depreciation. Calculate the book value of the van at the end of 2025.

Reference no: EM133128369

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