The Mercedes S class luxury vehicle depreciates by 32.4% after just one year. the starting price in 2015 was $70,000 what is the

Question

3 years ago

12

depreciation amount after one year for the Mercedes S class vehicle

2 answers:

alekssr [168] · Answer 1 · 2021-12-28T06:44:26+03:00

8 0

According to formula
P(1 - R/100)^ T
P =PRICE
R =RATE OF DEPRECIATION
T= TIME
answer is $47320

Mashutka [201] · Answer 2 · 2021-12-28T07:54:26+03:00

8 0

$ 22680

depreciation factor = $\frac{32.4}{10}$ = 0.324

depreciation in 1 year = 0.324 × $ 70000 = $ 22680