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How does allowing depreciation help companies?A home healthcare care company purchases a van for home visits for $60,000. The van depreciates $15,000 a year.Module 02 Questions/Problems – Depreciation and Statement of Cash FlowsWrite your answers in the space provided for each of the questions below:Part 1: Answer the following depreciation problems:A home healthcare care company purchases a van for home visits for $60,000. The van depreciates $15,000 a year. What will the book value of the van be in 1 year? In 2 years? How many years will it be until it’s worth $0?How does allowing depreciation help companies?Part 2: For each of the transactions below, assign the appropriate cash-related activity (A-D):A. Cash flows from operating activitiesB. Cash flows from investing activitiesC. Cash flows from financing activitiesD. Net increase (or decrease) in cash and cash equivalents$50,000 repayment of long-term loan.$7,000 proceed from the sale of a used x-ray machine.$40,000 worth of services rendered.$15,000 in payments from patients.$1,000,000 purchase of new office space for expanding services.$10,250 net cash and cash equivalents at the end of the year.$500,000 received by the issuance of a long-term bond.$100,000 proceeds from an investment in a 10-year bond. . .The post How does allowing depreciation help companies?A home healthcare care company purchases a van for home visits for $60,000. The van depreciates $15,000 a year. appeared first on homeworkcrew.com. Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!Use Discount Code “Newclient” for a 15% Discount!NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you. “Is this question part of your assignment? We Can Help!”
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