18. A car depreciated (decreased in value) by 25% during the first year. If the car was purchased for $28,000, what is the car w

Question

3 years ago

15

orth today?

2 answers:

Ilya [14] · Answer 1 · 2022-08-09T17:21:55+03:00

Answer:

The correct answer is $21000

Step-by-step explanation:

Depreciation expense is the portion of loss of value because the time has pass by.

Depreciation expense= cost of the car * percentage of depreciation

DE=28000*0,25= $7000

Now, the car worth $7000 less

Actual price is 28000-7000: $21000

pshichka [43] · Answer 2 · 2022-08-09T14:53:03+03:00

3 0

25% of 28000 is 7,000
so 28000-7000= 21,000

28000/x= 100/25

(28000 X 25)/100=7,000