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Tidy Limited purchased a new van on January 1, 2021. The van cost $32,000. It...

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Accounting

Tidy Limited purchased a new van on January 1, 2021. The van cost $32,000. It has an estimated life of five years and the estimated residual value is $4,100. Tidy uses the double-declining-balance method to compute depreciation. What is the adjusted balance in the Accumulated Depreciation account at the end of 2022? Multiple Choice $5,120 $20,480 $6,400 $15,360

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