Question

A copier purchase new for $4800 depreciate in value $500 each year. The model predict that the value of the copier after three years will be.

Answer 1

To find the value of the copier after three years, we subtract the depreciation amount ($500) from the original purchase price ($4800) for each year.

After the first year, the copier's value would be $4800 - $500 = $4300.
After the second year, the copier's value would be $4300 - $500 = $3800.
After the third year, the copier's value would be $3800 - $500 = $3300.

Therefore, the model predicts that the value of the copier after three years will be $3300.