contestada

Let's say you bought a car for $18,500. The car is expected to last for 8 years and
then it can be sold for scrap for $500.
a. If you assume the relationship between the value of the car and the year is linear,
how much will the car depreciate each year? Explain.

Respuesta :

If the relationship between the value of the car and the year is linear, the amount that should be depreciated each year is  $2250.

How much should be depreciated each year?

Depreciation is the decline in the value of an asset as a result of wear and tear. Depreciation decreases the value of an asset.

Annual depreciation = (cost of the asset - scrap value) / 8

(18500 - 500) / 8 = $2250

To learn more about depreciation, please check: https://brainly.com/question/25552427

#SPJ1