Lawrence purchased a used vehicle that depreciates under a straight-line method. The initial value of the car is $4500, and the salvage value is $500. If the car is expected to have a useful life of another 5 years, how much will it depreciate each year?
A. $1000
B. $5000
C. $500
D. $800
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Home » Mathematics » Lawrence purchased a used vehicle that depreciates under a straight-line method. The initial value of the car is $4500, and the salvage value is $500.