First we need to change the percentage to a decimal so that we are able to use it to solve for the depreciation amount. We do this by dividing by 100:
Now that we have the decimal form, we can multiply this decimal by the original amount of the vehicle:
So now we know that the depreciation amount for this Mercedes is $22,680.
Now that we have the decimal form, we can multiply this decimal by the original amount of the vehicle:
So now we know that the depreciation amount for this Mercedes is $22,680.
