Ask a New Question

If a $5000 piece of equipment depreciates at a rate of 5% per year, how much will it be worth after 5 years?

is it $3,868.9?

2 answers

V = Vo - Vo*r*t = 5000 - 5000*0.05*5 =
5000 - 1250 = $3750 = Value after 5 yrs.

....

3570

Ask a New Question or answer this question.

Similar Questions

A piece of machinery depreciates $6000 the first hear, $5500 the second year, and $5000 the third year. If the rate of
1. 3 answers
a piece of machinery depreciates $7000 the first year, $6800 the second year, and $6600 the third year. is the rate of
1. 3 answers
A piece of machinery depreciates $6000 the first year, $5600 the second year, and $5200 the third year. If the rate of
1. 1 answer
A piece of machinery depreciates $8000 the first year, $7500 the second year, and $7000 the third year. If the rate of
1. 1 answer

more similar questions