Question

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?

Answer 1

Answer: $33,504.36

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

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-Carrie

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Answer 2

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.