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An asset is purchased for $100,000. What is the value after the first three years using a depreciation rate of 5%? A. $12,500 B. $14,262.50 C. $85,737.50 D. $98,507.49

An asset is purchased for $100,000. What is the value after the first three years using a depreciation rate of 5%? A. $12,500 B. $14,262.50 C. $85,737.50 D. $98,507.49
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An asset is purchased for $100,000. What is the value after the first three years using a depreciation rate of 5%? A. $12,500 B. $14,262.50 C. $85,737.50 D. $98,507.49

User Titusjan
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1 Answer

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A=100,000×(1−0.05)^(3)
A=85,737.5
User Hgm
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