Historically, Alma has found that newer vehicles are rented more frequently than older vehicles. In an attempt to tie rental revenues to depreciation Alma has used an accelerated depreciation method expensing depreciation by $30\%$ in $2023,25\%$ in $2024,20\%$ in $2025,15\%$ in $2026$ and $10\%$ in $2027.$

YEAR Depreciable Cost Depreciation Rate Depreciation Expense Accum. Depreciation Book Value