Question

Car = V-8 sedan

Answer 1

Answer:

$500

Step-by-step explanatioThe numberber of years driven is the first and second year

= 2

Miles driven

First year= 15,500

Second year= 14,500

Therefore the cost of depreciation can be calculated as follows

15,500-14,500/2

= 1000/2

= 500

Hence the cost of depreciation is $500