Marlin davis buys a track for 28,000 in three days y he car depreciates 48% in value How much is the car worth in three years?

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07-02-2016
Mathematics

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Marlin davis buys a track for 28,000 in three days y he car depreciates 48% in value How much is the car worth in three years?

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taskmasters taskmasters · Answer 1 · 2016-02-07T19:36:17+01:00

Given:
Purchased price = 28,000
Depreciated in 3 years = 48%

I am assuming that the 48% is the total depreciation of the truck for the past three years.

28,000 x 48% = 13,440 total depreciation for three years

28,000 - 13,440 = 14,560 worth of the car in three years, net of depreciation.

Additional info: A vehicle has a life-span of only 5 years. Thus, its depreciation will only be computed based on 5 years. After 5 years, the vehicle will be valued at zero because it has been fully depreciated.