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Using the Straight Line Depreciation Method, where; the Depreciation Amount (D) per year = the Initial Cost (C) - the Salvage Value (S) in year (n)/ the expected life of the asset in years(n) or D=(C-S)/n, calculate the amount of depreciation (D) for the vehicle you purchased in $950,000 if it were to last 7 years (n) and have a salvage value equal to 15% of the original "Buy It Now" price.

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