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Annual depreciation expense for the motor vehicle

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Deliver2U is a courier company specializing in the same-day delivery of packages around Melbourne and they recently purchased a motor vehicle. The motor vehicle was purchased for $93219. It is estimated that the motor vehicle has useful life of 4 years and a salvage value of $6073. Under the diminishing value depreciation method (i.e. accelerated depreciation method), what is the annual depreciation expense for the motor vehicle in the first year?

Reference no: EM132615975

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