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Lovell purchased a used van for use in its business on January 1,2020. It paid...

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Accounting

Lovell purchased a used van for use in its business on January 1,2020. It paid $11,000 for the van. Lovell expects the van to have a useful life of four years, with an estimated residual value of $800. Lovell expects to drive the van 18,000 miles during 2020,25,000 miles during 2021,20,000 miles in 2022, and 18,600 miles in 2023, for total expected miles of 81,600.
Read the requirements. (Complete all input fields. Enter a 0 for any zero values.)
\table[[Straight-line method],[Year,\table[[Annual],[Depreciation],[Expense]],\table[[Accumulated],[Depreciation]],Book Value],[Start],[2020],[2021],[2022],[2023,,,]]
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