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What is the first year depreciation expense

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Question - The university of Florida athletic department purchased a new van for $40,000. They estimate it will be driven 100,000 miles at which time it will be sold for $4000. What is the first year depreciation expense if it was driven 25,000 miles?

a. $6,000

b. $8,000

c. $9,000

d. $9,200

e. $10,000

Reference no: EM133075547

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