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A chain of food catering restaurants acquires a new vehicle for this activity and will be touring throughout the country. Due to the type of

image text in transcribed A chain of food catering restaurants acquires a new vehicle for this activity and will be touring throughout the country. Due to the type of activity, it has been decided to use the depreciation method of decreasing balance. The cost of the vehicle is $50,000, a residual value of 10% is estimated, the estimated lifespan is 10 years. Calculate the expense of the first year's depreciation: Which is the correct answer with mathematic process

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