3 answers
(click or scroll down)
(1-.15)x = 85,000
Solve for x.
Solve for x.
Step 1: Calculate the depreciation amount.
15% of 85000 = 0.15 * 85000 = 12750
Step 2: Subtract the depreciation amount from the present value.
85000 - 12750 = 72250
Therefore, the value of the machine one year ago was $72,250.