To calculate the net asset value of Rae's antivirus software two years after her purchase, we first need to determine the annual depreciation of the software.
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Determine the purchase price and useful life:
- Original cost of software: $985
- Useful life: 12 years
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Calculate annual depreciation: \[ \text{Annual Depreciation} = \frac{\text{Original Cost}}{\text{Useful Life}} = \frac{985}{12} \approx 82.08 \]
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Calculate total depreciation after two years: \[ \text{Total Depreciation after 2 years} = \text{Annual Depreciation} \times 2 \approx 82.08 \times 2 \approx 164.17 \]
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Calculate the net asset value after two years: \[ \text{Net Asset Value} = \text{Original Cost} - \text{Total Depreciation} = 985 - 164.17 \approx 820.83 \]
Since the options you provided don't match our calculated value exactly, we can round $820.83 to the nearest choice:
The closest response to what we have calculated is $825.75.
So, Rae's antivirus software had a net asset value of approximately $825.75 two years after her purchase.