Based on the given information, the depreciation amount decreases by $400 each year.
So, the amount of depreciation in the 6th year would be $5200 - $400 = $<<5200-400=4800>>4800.
Therefore, the correct answer is $4000.
A piece of machinery depreciates $6000 the first year, $5600 the second year, and $5200 the third year. If the rate of depreciation is constant, what is the amount of depreciation of the piece of machinery in the sixth year? Responses $58,000 Pick the answer below. $4000 Pick the answer below. $40,000 Pick the answer below. $4400
1 answer
1 answer