You disagree with Ed "Shifty" Smith, a car salesperson, on the price of an open-end lease. He says the depreciation charge is only $6,000. What is the actual depreciation charge for a car now worth $23,000 that is expected to drop in value to $15,000 in two years?
A) $7,000.
B) $7,500.
C) $8,000.
D) $11,500.
E) $15,500.
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