. Alan buys a new car for $25,000. It depreciates at a rate of $2000 per year. How many years will it take for the car to depreciate to $11,000?

Oliver Koehler asked Apr 1, 2022

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Oliver Koehler asked Apr 1, 2022

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13 votes

6 years 2x5=10 but still have the $1k left so add another year and you get 6 years with $12k depreciated

Miraage answered Apr 7, 2022

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