Answer:
0.53%
Step-by-step explanation:
hope it is well understood
true
$15,746.400
The computation of the car value in the year 2010 is shown below:
Since the new car brought in the year of 2006 at $24,000
And, it would be depreciation by 10%
So, in the year 2010 the car value would be
= $24,000 × (1 - 0.10)^4
= $24,000 × 0.9^4
= $15,746.400
