A company car is valued at $28,000 and will depreciate by $2,000 each year. How many years will it take for the car to. have no value ($0).

Brine asked Jul 16, 2022

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32 votes

A company car is valued at $28,000 and will depreciate by

$2,000 each year. How many years will it take for the car to.
have no value ($0).

Brine asked Jul 16, 2022

by Brine

2.6k points

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8 votes

Answer:

14 years

Explanation:

If the value of the car is $28,000 and each year the value goes down by $2,000 it will be $0 in 14 years. 28/2=14

Mauricio Mora answered Jul 21, 2022

2.7k points

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