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Gulfcoast, Inc. purchased a van on January 1, 2025, for 840,000 Estimated life of the...

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Accounting

Gulfcoast, Inc. purchased a van on January 1, 2025, for 840,000 Estimated life of the van was five years, and its estimated residual value was 97,000 . Gulfcoast Inc. uses the straightline method of depreciation. Calculate the book value of the van at the end of 2025

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