Question

Josephine purchased a used vehicle that depreciates under a straight-line

Answer 1

Answer:

D. $4000

Step-by-step explanation:

Initial value of the car is given $5000

Salvage value given $500

Useful life of car given is 5 years

Formula

Depreciation for n years is given as:

$d_{n}= \textrm{Salvage value}\times \textrm{Number of years used}$

$d_{n}=\textrm{Salvage Value}\times n$

Plug in 2 for n. This gives,

$d_{2}=500\times 2=1000$

∴ Depreciation after 2 years =$ 1000

Value of car after 2 years = Initial value - Depreciation after 2 years

Value of car after 2 years = $5000- 1000=4000$

Therefore, value of car after 2 years = $ 4000

Answer 2

Answer:

3200

Step-by-step explanation:

Apex