A $60,000 piece of machinery depreciates in value at a rate of 11% per year. About what will its value be in 5 years?

Mathematics

2 answers:

Goshia [24]3 years ago

8 0

Answer: $33,504.36

Step-by-step explanation: This is the correct answer! This is from a reliable answer key.

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kicyunya [14]3 years ago

3 0

Answer:

$27000

Step-by-step explanation:

11% of 60000 is 3300 per year. You need the value for five years so multiply 3300 * 5 to get 33000. 33000 is the total depreciation of the five years. Then subtract 33000 from 60000 to get 27000.

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Answer:

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2 years ago

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