The formula for depreciation is:
Value = Starting value x (1 - rate)^time
Using the given values:
Value = 25,000 x (1-0.12)^5
Value = 25,000 x 0.88^5
Value = $13,193.30 (Round the answer as needed)
Answer:
2340
Step-by-step explanation:
15 x 13 ÷ 2 x 24 = 2340
I have a good record of guessing the right one so I would say #1.
