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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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. $1000B. $5000C. $500D. $800

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