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Tony is flying from Los Angeles to Boston. His plane ticket costs $605 and the total flight distance is 3,052 miles. What is the
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the depreciation amount after one year for the Mercedes S-Class vehicle is $22,680 .
<u>Step-by-step explanation:</u>
Here we have , he Mercedes S-Class luxury vehicle depreciates by 32.4% after just one year. The starting price in 2015 was $70,000. We need to find What is the depreciation amount after one year for the Mercedes S-Class vehicle. Let's find out:
The starting price in 2015 was $70,000 , let's find price after one year i.e. in 2016 when Mercedes S-Class luxury vehicle depreciates by 32.4% ,According to question following equation is framed as :
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Therefore , the depreciation amount after one year for the Mercedes S-Class vehicle is $22,680 .