Answer
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B(3) = 8,573.75
↓Steps Explained:↓
Solve this depreciating percent problem
anassetworth10000depreciates5%for3years
Book Value Formula
B(t) = A(1 - d)t
Calculate depreciation rate:
| Depreciation rate (d) = | Depreciation % |
| 100 |
| Depreciation rate (d) = | 5 |
| 100 |
Depreciation rate (d) = 0.05
Plug in our values
B(3) = 10000(1 - 0.05)3
B(3) = 10000(0.95)3
B(3) = 10000(0.857375)
Final Answer
B(3) = 8,573.75Take the Quiz
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