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What is the adjusted balance in the accumulated depreciation

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Question - Shaggy Limited purchased a new van on January 1, 2014. The van cost $55,000. It has an estimated life of Five years and the estimated residual value is $5,000. Shaggy uses the double-declining-balance method to compute depreciation.

What is the depreciation expense for 2014?

What is the adjusted balance in the Accumulated Depreciation account at the end of 2015?

Reference no: EM132013542

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