SOLUTION: please, I am stuck on this question. I need your help: The linear depreciation method assumes that an item depreciates the same amount each year. Suppose a new piece of machiner

Algebra ->  Linear-equations -> SOLUTION: please, I am stuck on this question. I need your help: The linear depreciation method assumes that an item depreciates the same amount each year. Suppose a new piece of machiner      Log On


   

Question 132416: please, I am stuck on this question. I need your help:
The linear depreciation method assumes that an item depreciates the same amount each year. Suppose a new piece of machinery costs $36,500 and it depreciates $2,000 every year. Find the value of the machinery after 4 years.
Answer by solver91311(24713) About Me  (Show Source):
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When new: 36,500
After one year: 36,500 - 1(2000) = 34,500
After two years: 36,500 - 2(2000) = 32,500