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General,Inc.purchased a van on May 1,2016,for $800,000.Estimated life of the van was five years,and its estimated residual value was $80,000.General uses the straight-line method of depreciation.Prepare the journal entry to record the depreciation expense for 2016 on the van.
Depositions
Out-of-court testimonies given under oath by parties or witnesses in a legal case, used as evidence during trial.
Legal Entitlement
A right given by law to an individual or entity to receive or do something.
Remedy
A means of legal reparation or correction, available through court proceedings, for a wrong or harm suffered.
Testify
To provide evidence or bear witness in a court of law, often under oath.
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