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Calculate the book value of the van at the end

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Reference no: EM132935101

Problem 1: Gulfcoast Company purchased a van on January? 1, 2025, for $890,000. Estimated life of the van was five? years, and its estimated residual value was $101,000. Gulfcoast Company uses the straight-line method of depreciation. Calculate the book value of the van at the end of 2025

Reference no: EM132935101

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