Shining star preschool purchased a van for $38,000. suppose macrs allows vans to be depreciated fully in 6 years according to six fixed percents: 20% the first year, 32% the second year, 19.2% the third year, 11.52% the fourth and fifth years, and 5.76% the sixth year. what is the book value for the van at the end of the first year?

The book value for the van at the end of first year will be $30400

Step-by-step explanation:

Cost of van = $38,000

Amount of depreciation after one year = 20%

Finding 20% of 38,000

=38,000 *(20/100)

= 7600

so, amount of van after 1 year = 38,000 - 7600

= 30400

So, the book value for the van at the end of first year will be $30400

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answer: idk

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