Answer: A loss of $35,100
Step-by-step explanation:
The tractor had cost $136,000 and had accumulated a depreciation of $69,900.
This means that the net book value of the tractor was:
= 136,000 - 69,900
= $66,100
The insurance company was supposed to give them this amount but instead gave them $31,000. They will therefore suffer a loss of:
= 66,100 - 31,100
= $35,100
If there is a decrease on y then that’s the answer
I believe the answer is 8
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hope this helps
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Zane
Looks like you did it backwards, hope this was helpful!!
Could you draw a better graph? I can't really see where y is at or what everything is.
