Your answer will be 7,040.
HOW TO SOLVE: We start out with the car's value of 8,000. You see that the value of the vehicle is going to depreciate, or lower. It will depreciate by 12%, so we need to find 12% of 8,000.
This will you get you 960. All we need to do now is subtract 960 from 8,000, so you will be left with 7040.
