3 years ago

HELPPPPPPPPPPPPPP PLS REALLYYYYYYYYYYY

Mathematics

1 answer:

Korvikt [17]3 years ago

5 0

It’s a black picture so the answer is Yes

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If you bought your car 5 years ago for $15,000 and today you can sell for $7000, what was it's rate of depreciation? Round to tw

serg [7]

Answer : The rate of depreciation is, $16000

Step-by-step explanation :

Formula used to calculate the rate of depreciation is:

$\text{Depreciation rate}=\frac{\text{Purchase price of asset }+\text{ Salvage value}}{\text{Estimate life of asset}}$

Given:

Purchase price of asset = $15000

Salvage value = $7000

Estimate life asset = 3 years

Now put all the given values in the above formula, we get:

$\text{Depreciation rate}=\frac{15000+7000}{5}$

Deprecation rate = $16000

Therefore, the rate of depreciation is, $16000

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Gemiola [76]

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Step-by-step explanation:

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vazorg [7]

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Step-by-step explanation:

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3 years ago

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Gnoma [55]

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