Question

A pair of crocs was purchases for $25. After 3 years the crocs have a value of $3. On average, the

owner of the crocs wore them for 350 days per year during those 3 years. The depreciation in the value
of the crocs, per day walked in, is closest to
A. 2 cents
B. 3 cents
C. 4 cents
D. 5 cents
E. 6 cents

Answer 1

A.

Explanation:

25/3=8.333333...

=>8.3333./350=0.0238095238095238‬

Rounded to 2 d.p, that's 2.

Answer 2

Answer is A.

Explanation:

Given: a pair of crocs was purchases for $25. After 3 years the crocs have a value of $3. The depreciation = 25 - 3 = $22 in 3 years.

Given: on average, the owner of the crocs wore them for 350 days per year during those 3 years. Days walked in 3 years = 3 x 350 = 1050 days

The depreciation in the value of the crocs, per day walked in, is $22/1050

= 2 cents

Answer is A.