Zeus Industries bought a computer for $2011. It is expected to depreciate at a rate of 24% per year. What will the value of the computer be in 5 years?

The value of the computer after five years will be as follows;

Value after 1 year:

24/100*2011

=$482.64

2011-482.64

=$1528.36

or

76/100*2011

=$1528.26

Value after 2nd year:

76/100*1528.36

=$1,161.55

Value after 3rd year:

76/100*1,161.55

=$882.78

Value after 4th year:

76/100*882.78

=$670.91

Value after 5th year:

76/100*670.91

=$509.89

hence the value after five years will be: $509.90