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On September 1st, 2024, BlueStar Airlines purchases a Lexus RXL vehicle for $50,000 in cash. The life of the vehicle is 8 years with a

On September 1st, 2024, BlueStar Airlines purchases a Lexus RXL vehicle for $50,000 in cash. The life of the vehicle is 8 years with a salvage value of $10,000. Tonya Harding, the Accounting Director, decides to use the double declining depreciation method. What is the deprecation amount for the first year as of 12/31/2024?

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