Marlin Davies buys a truck for $28,000. In three years, the car depreciates 48% in value. How much is the car worth in three yea

Question

posledela

3 years ago

9

Marlin Davies buys a truck for $28,000. In three years, the car depreciates 48% in value. How much is the car worth in three yea

rs?
A. $12,005
B. $14,560
C. $14,000
D. $27,052

Physics

1 answer:

Greeley [361] · Answer 1 · 2022-08-01T03:57:31+03:00

Given:
Truck = $28,000
Depreciation in 3 yrs = 48% in value

$28,000 x 48% = $13,440 Depreciation

$28,000 - $13.440 = $14,560 Value of the Car. CHOICE B.

A vehicle typically has a 5-year life span. This means that at the end of 5 years from the date of original purchase, the vehicle is fully depreciated and has a book value of zero.