Given: depreciation rate: 18% Value of the car : 20,000 Age of the car : 4 years.
The depreciation is based on the current value of the car. Therefore, the amount of depreciation varies.
<span>
<span>
</span><span><span>
yr Beginning Value Dep. Rate Depreciation Ending Value </span>
<span>
1
<span> 20,000.00 </span>18%
<span> 3,600.00 </span>
<span> 16,400.00 </span>
</span>
<span>
2
<span> 16,400.00 </span>18%
<span> 2,952.00 </span>
<span> 13,448.00 </span>
</span>
<span>
3
<span> 13,448.00 </span>18%
<span> 2,420.64 </span>
<span> 11,027.36 </span>
</span>
<span>
4
<span> 11,027.36 </span>18%
<span> 1,984.92 </span>
<span> 9,042.44 </span>
</span></span></span> The current value of a car bought 4 years ago is 9,042.44
Beginning value : purchased amount on 1st year. then, ending balance of the previous year from 2nd year onwards. Depreciation : Beginning value * depreciation rate Ending value : Beginning value - depreciation
520 pages. 390 divided by 3 is 130. Take that times 4 and you get 520. To check it, I took 520 divided by four (or you can multiply by 1/4) and got 130. Hope it helps!
