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A company car cost $21,500. The estimated life for use of the vehicle is 5 years at which time its approximate trade-in value will be $5,000. Using the straight-line method, calculate the annual depreciation.

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A company car cost $21,500. The estimated life for use of the vehicle is 5 years at which time its approximate trade-in value will be $5,000. Using the straight-line method, calculate the annual depreciation.






 
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