Mathematics, 18.08.2020 20:01 mackenziepaige6525

2. John Morse Corporation buys a van for $16,000. The estimated life of the van is four years. The residual value of the van is $4,000. After two years, the van is sold for $8,000. What was the difference between the book value and the amount received from selling the van if John used the
straight-line method of depreciation?
O A. $12,000
O B. $4,000
C. $2,000
D. $8,000

Answers: 3

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2. John Morse Corporation buys a van for $16,000. The estimated life of the van is four years. The r...