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Katak purchased a Toyota Kluger for $70,000. She purchased the vehicle on 15 September 2021....

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Accounting

Katak purchased a Toyota Kluger for $70,000. She purchased the vehicle on 15 September 2021. Calculate the decline in value on the motor vehicle for 2022, using the diminishing value method.

$17,500

$15,183

$13,856

$12,022

$11,675

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