Corrine bought a car for $15,000 and its value depreciated linearly. after 3 years , the value of the car was $11,250. What is the amt of the yearly depreciation?
2 Answers | Add Yours
Write a linear equation to represent the situation.
Let x represent the amount of yearly depreciation.
15,000 - 3x = 11,250
Add -15,000 to both sides.
(-15,000) + 15,000 - 3x = 11,250 + (-15,000)
-3x = -3,750
Divide both sides by -3.
-3x / -3 = -3,750 / -3
x = 1,250
Answer: Annual yearly depreciation = $1,250
In linear depreciation:
`depn = (Acquisition value - Scrap value)/(Life)`
We assume that the scrapvalue after 3 years is the book value of $11,250 then,
Therefore the annual depreciation is
Join to answer this question
Join a community of thousands of dedicated teachers and students.Join eNotes