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sweet [91]
3 years ago
11

Ex 9-9 Straight-line depreciation ObJ. 2

Mathematics
1 answer:
NNADVOKAT [17]3 years ago
3 0
Depreciation = (Cost - Residual)/Useful Life
Cost = $48,000
Residual = $9,000
Useful Life = 15 years

Depreciation = (48,000-9,000)/15
Depreciation = 39,000/15
Depreciation = $2,600

The refrigerator will depreciate at $2,600 a year.
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The Gaineys and the Arnolds are saving money for a trip to Utah to go snowboarding. The Arnolds are going to save a nickel on th
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Write a recursive and explicit formula for each option.

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=> a1 =0.05

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=> a3 = a2*2 = a1* 2*2

..............................................

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Hope it will find you well.

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