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On january 1 2006 the sepe delivery company purchased a

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On January 1, 2006, the Sepe Delivery Company purchased a delivery van for $33,000. At the end of its five-year service life, it is estimated that the van will be worth $4,000. During the five-year period, the company expects to drive the van 100,000 miles. Using the units-of-production depreciation method what would the annual depreciation for 2008 be based on these actuals?

Reference no: EM13596282

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