You bought a wake board boat 4 years ago for $45,000. The boat's value depreciates by 10% per year.

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asked Jan 21, 2021 190k views

2 Answers

Chris Peacock · Answer 1 · 2021-01-22T23:11:39+0000

1st Year: 4,500 / 45,000/10
2nd Year: 2,250 / 45,000/20
3rd Year: 1,500 / 45,000/30
4th Year: 1,125 / 45,000/40
You add ten percent for every year

Hope this helps!

You bought a wake board boat 4 years ago for $45,000. The boat's value depreciates by 10% per year.

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