Fred purchased a used vehicle that depreciates under a straight-line method. The initial value of the car is $10500, and the salvage value is $500. If the car is expected to have a useful life of another 8 years, how much will it depreciate each year?

Question

Mathematics

Guillermo Gregory

30 July, 14:47

Fred purchased a used vehicle that depreciates under a straight-line method. The initial value of the car is $10500, and the salvage value is $500. If the car is expected to have a useful life of another 8 years, how much will it depreciate each year?

+5

Answers (1)

Know the Answer?

Marley · Answer 1

Answer : 10,992

Explanation : so first you have to add The initial value of the car which is $10, 500 and the salvage value which is $500. Then, you have to subtract it by 8.