The value of the building would be $699,400 in 4 years.
<h3>What will be the value of the building?</h3>
Depreciation is the when the value of an asset reduces as a result of wear and tear. Straight line depreciation is a method used in depreciating the value of an asset linearly with the passage of time.
The equation that can be used to determine the value of the building with a straight line depreciation is:
Value of the asset = initial value of the asset - (number of months x deprecation rate)
y = 829,000 - 2700x
The first step is to determine the number of months it would take for the building to have a value of $699,400.
$699,400 = 829,000 - 2700x
829,000 - 699,400 = 2,700x
129,600 = 2,700x
x = 129,600 / 2,700
x = 48 months
Now convert, months to years
1 year = 12 months
48 / 12 = 4 years
To learn more about depreciation, please check: brainly.com/question/11974283
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The true statements are (1) and (2)
Answer:
improper question
Step-by-step explanation:
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