Algebra Depreciation.?
The depreciated amount of declining farm equipment is 35,433.67. What was the price before it declined at 5.8% after 4 years??
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The depreciated amount of declining farm equipment is 35,433.67. What was the price before it declined at 5.8% after 4 years??
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Assuming the depreciation each year is 5.8% of the original value, that value was
.. 35433.67/(1 - 4*0.058) = 35433.67/0.768 ≈ 46,137.59
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Each year, the depreciation is 2675.98 = 0.058*46137.59