Question: estimated value $ 2 2 4 4 3 . If a new car loses 2 0 % of its value the first year and 1

estimated value $22443. If a new car loses 20% of its value the first year and 15% annually until year 10 when it is worth 10% of its original cost, what will the estimated value of your $45,680 business vehicle be in year 4? If using the declining-balance method, what is the depreciation expense for year 4 with an estimated life of 5 years and residual value of $19,000?

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