Fred purchased a used vehicle that depreciates under a straight-line method. The initial value of the car is $10500, and the sal

Question

3 years ago

5

vage value is $500. If the car is expected to have a useful life of another 8 years, how much will it depreciate each year?

2 answers:

Elis [28] · Answer 1 · 2022-04-27T14:05:54+03:00

Elis [28]3 years ago

8 0

Answer: $1250.00 APEX

Dmitrij [34] · Answer 2 · 2022-04-27T12:34:49+03:00

Dmitrij [34]3 years ago

7 0

Answer: 1250

Step-by-step explanation:

Initial value - salvage value / useful life #of years

10500-500=10000/8= 1250