Question

An extreme vehicle company buys off-roading 4-wheelers for $24,000. After a year, the 4-wheeler depreciates 8%. What is the amount of this depreciation? A. $3,000 B. $2.000 C. $1,920 D. $19,200

Answer 1

Rewrite the percentage as a decimal:

8% = 8/100 = 0.08

Multiply the previous result by 24000:

24000*0.08 = $1920