Question

A car is purchased for $8300. The depreciation is calculated on the diminishing value at 10% for the first 3 years and at 15% for the next 3 years. Find the value of the car after a period of 6 years.

Answer 1

3,715.886

Explanation:

8300 * 0.9 3 times to get the 10% then that * 0.85 3 times to get the 15%