First we need to change the percentage to a decimal so that we are able to use it to solve for the depreciation amount. We do this by dividing by 100:
[tex] \frac{32.4}{100}=0.324 [/tex]
Now that we have the decimal form, we can multiply this decimal by the original amount of the vehicle:
[tex]0.324*$70,000=$22,680[/tex]
So now we know that the depreciation amount for this Mercedes is $22,680.
