Enamour Company purchased a new car for use in its business on January 1, 2020....
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Enamour Company purchased a new car for use in its business on January 1, 2020. It paid $28,000 for the car. Enamour expects the car to have a useful life of four years with an estimated residual value of zero. Enamour expects to drive the car 90,000 miles during 2020, 15,000 miles during 2021, 30,000 miles in 2022, and 25,000 miles in 2023, for total expected miles of 160,000
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