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A van was purchased on 1st April, 2020 for 500000$. It was estimated that the van would be sold for 5000$ after 5 years. It

A van was purchased on 1st April, 2020 for 500000$. It was estimated that the van would be sold for 5000$ after 5 years. It was decided to use the straight-line method of depreciation. what would be the amount of depreciation for the year ending 31st December 2021

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