Use the information in Problem A-1 to solve this problem. Assume that the van is five-year property.

Use the information in Problem A-1 to solve this problem. Assume that the van is five-year property for tax purposes. Problem A -1 A delivery van was bought for $18,000. The estimated life of the van is four years. The trade-in value at the end of four years is estimated to be $2,000. Required Prepare a schedule of depreciation under MACRS. Round figures to the nearest whole dollar.

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