1. Calculate the annual depreciation expense for a fleet of vehicles purchased by Walmart Inc.
2. Assess the impact of using the straight-line method versus the double-declining balance method.
3. Explain the impact on the financial statements.

Item	Amount ($)
Cost of Vehicles	5,000,000
Salvage Value	500,000
Useful Life	5 years
Depreciation Method	Straight-Line / Double-Declining Balance

Question:

Using the given data, calculate the annual depreciation expense for the fleet