Ivanhoe Company purchased a new van for floral deliveries on January 1, 2017. The van cost $64000 with an estimated life of 8 years and $12000 salvage value at the end of its useful life. The double-declining-balance method of depreciation will be used. What is the depreciation expense for 2017?
Ivanhoe Company purchased a new van for floral deliveries on January 1, 2017. The van cost $64000 with an estimated life of 8 years and $12000 salvage value at the end of its useful life. The double-declining-balance method of depreciation will be used. What is the depreciation expense for 2017?
$16000.
$8000.
$6500.
$13000.
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The post Ivanhoe Company purchased a new van for floral deliveries on January 1, 2017. The van cost $64000 with an estimated life of 8 years and $12000 salvage value at the end of its useful life. The double-declining-balance method of depreciation will be used. What is the depreciation expense for 2017? appeared first on Superb Professors.
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