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Word Problem 17-26 (Static) [LU 17.3 (1)] Eusinesswire com reported a shortage of inventory for new and used cars during the pandemic mainly due to

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Word Problem 17-26 (Static) [LU 17.3 (1)] Eusinesswire com reported a shortage of inventory for new and used cars during the pandemic mainly due to mass transit riders choosing to purchase a vehicle for safer transportation coupled with the ease of the transformed digital buying process along with supply chain disruptions. New vehicle sales doubled duting the pandemic pushing the average price of both now and used vehicles up to an estmated $39,500 in 2021 . If a new car loses 20% of its value the fist year and 15% annually until year 10 when it is worth 10% of its original cost, what will the estimated value of your $45,680 business vehicle be in yoar 4 ? if using the declining-balance mothod, what is the depreciation expense for year 4 with an estimated life of 5 years and residual value of $19,000 ? Note: Round your answers to the nearest dollar amount, Leave no cells blank - be certain to enter " 0 wherever required

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