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Determine the new van annual depreciation expense

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Reference no: EM132618439

Question - On 1 Jan 2019, ST Pte Ltd bought a new delivery van for $60,000 cash with an estimated life of 5 years and residual value of $6,000. The company adopts straight line method of depreciation.

Required - Determine the new van's annual depreciation expense.

Reference no: EM132618439

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