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Q10: After researching different vehicles, quotes were obtained to purchase a Toyota Tarago. Bill Bobbins Toyota - $48,990 Redwood Motors $47,890 Annual servicing was estimated

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Q10: After researching different vehicles, quotes were obtained to purchase a Toyota Tarago. Bill Bobbins Toyota - $48,990 Redwood Motors $47,890 Annual servicing was estimated at $2,000, registration, insurance and other expenses another $1,800. it would be depreciated using the diminishing value method with an effective life of five years. Depreciation is tax deductable. The business's current lease company has quoted $355 per week for a ve-year lease for the vehicle. This includes all vehicle servicing, comprehensive insurance and roadside assistance. Monthly lease payments are fully tax deductable. Based on the information provided, which option would you recommend? Briey explain why

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