A boat is worth $10,000 when it is 5 years old and $4,000 when it is 8 years old. What is the rate of depreciation? PLEASE ANSWER ASAP • $2,500 • $1,500 • $1,000 • $ 2,000

Question

asked May 23, 2023 79.3k views

1 Answer

Jumaane · Answer 1 · 2023-05-30T11:09:38+0000

Answer:

$2,000

Explanation:

10,000-4,000=6,000

8-5=3

The value decreased 6,000 over the course of 3 years

6,000/3=2000

The value decreased by 2,000 per year.