davi2shiverdD
davi2shiverdD davi2shiverdD
  • 07-07-2016
  • Mathematics
contestada

you bought a sports car for $89,000. what will the car be worth after 10 years if the depreciation rate is 8%?

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Аноним Аноним
  • 07-07-2016
In straight line method, the value is decreased equally at end of each year. a) So it can be represented as V=$8280(1-t/12) where t is the no. of years completed since purchase. b) Thus after 8 years, $8280(1-8/12)=$8280(1/3)= $2760
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jorjalouise28
jorjalouise28 jorjalouise28
  • 07-07-2016
well it goes down 8% every year so over the 10 years it will be 80% 89,000 minus 80% is 71200
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