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Calculate the book value of the van

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Reference no: EM132898723

Question 1: Gulfcoast Company purchased a van on January? 1, 2025, for $920,000. Estimated life of the van was five? years, and its estimated residual value was $95,000. Gulfcoast Company uses the straight-line method of depreciation. Calculate the book value of the van at the end of 2025

Reference no: EM132898723

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