3. Problem 12.17 (Paraphrased) A small delivery van can be purchased for $14,000. A a)...

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3. Problem 12.17 (Paraphrased) A small delivery van can be purchased for $14,000. A a) Using MACRS , determine the PW of the depreciation schedule based b) Recalculate the PW of the depreciation schedule using the EXCEL cel the end of its useful life (8 years), the van can be sold for $2,000. on 12% interest. function "VDB." [ Follow the spreadsheet-format described in Prob. 2, Part a) for the depreciation schedule. ]

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