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Navy, Inc. bought a new vessel in the year 2015. The vessel cost 92,097 dollars with additional delivery expenses of 17,147 dollars. The vessel was put into service on September 4, 2015 and is depreciated using accelerated depreciation. What is the value of depreciation recorded in the accounting books for the year 2020, assuming the company decided to sell the vessel on June 5, 2020?
This document contains various important questions and their appropriate answers in the subject field of Economics.
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