Question

Car = V-8 sedan

Years driven = first and second
Miles driven = 15.500 miles first year and 14,500 miles second year
The cost of depreciation will be $

Answer 1

The answer is: 2,318

First year on the graph: 8.5

Second year on the graph: 6.9

First year:

15,500 x 8.5 = 131,750

131,750/100 = 1,317.50

Second year:

14,500 x 6.9 = 100,050

100,050/100 = 1,000.50

1,317.50 + 1,000.50 = 2,318

Answer 2

$500

Step-by-step explanatioThe numberber of years driven is the first and second year

= 2

Miles driven

First year= 15,500

Second year= 14,500

Therefore the cost of depreciation can be calculated as follows

15,500-14,500/2

= 1000/2

= 500

Hence the cost of depreciation is $500