SOLUTION: The owner of a rental house can depreciate its value over a period of 27 1/2 years, meaning that the value of the house declines at an ever rate over that period of time until the

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Question 452042: The owner of a rental house can depreciate its value over a period of 27 1/2 years, meaning that the value of the house declines at an ever rate over that period of time until the value is $0.
By what fraction does the value of the house depreciate the first year?
If the house is judged to be worth $85,000, what is the value of the first year’s depreciation?
Answer by jorel1380(3719) About Me  (Show Source):
You can put this solution on YOUR website!
100/27.5=3.64
85000x.0364=$3090.90..