document.write( "Question 1025137: A business buys a car for $32 000. For the company records, the value of the car is depreciated each year. The value of the vehicle could be reduced by the same amount each year over a given number of years until the value is zero. This is called straight line depreciation. Another method is to reduce the value of the car by a percentage each year, 20% for example.\r
\n" );
document.write( "\n" );
document.write( "Compare the depreciated value of the car after five years using both methods of depreciation. Use 20% for the percentage depreciation. For straight line depreciation reduce the value of the car by the same amount over 5 years, until the value is zero. \n" );
document.write( "
Algebra.Com's Answer #640446 by josmiceli(19441)![]() ![]() You can put this solution on YOUR website! 20% depreciation each year: \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "The car is worth $10,485.76 after 5 yrs \n" ); document.write( "-------------------- \n" ); document.write( " \n" ); document.write( "If the car depreciates by $6.400 each year, \n" ); document.write( "after 5 yrs the car is woth $0 \n" ); document.write( " |