Question

The value of a property today is $100,000. It depreciates to a value of $20,000 in 20 years. Assuming a straighline depreciation model, determine the value of the property at the end of 13 years Answer The value of the property at the end of 13 years =$ sed each Funs the pript? of loss, in bollarin, it 100 diain are sold

Answer 1

Answer: 100000 -20000 =80000

80000/20 = 4000

Explanation: value of the property less depreciation value divided by number of years of depreciation