The purchase value of an office computer is $13,000. Its annual depreciation is $1770. Find the value of the computer after 5 years.$
Question
The purchase value of an office computer is 1770. Find the value of the computer after 5 years.$
Solution
To find the value of the computer after 5 years, you need to subtract the total depreciation over those 5 years from the initial purchase value.
Step 1: Calculate the total depreciation over 5 years. The annual depreciation is 8850.
Step 2: Subtract the total depreciation from the initial purchase value. The initial purchase value is 4150.
Similar Questions
A computer system bought by a business costs $3650.If the business can depreciate the computer by 40% the first year and then 50% of the remaining value the second year, how much is the computer worth at the end of two years?
A computer is depreciated using a flat rate depreciation method. It was purchased for $2800 and depreciates at the rate of 8% per annum. The amount of depreciation after 4 years is
Assume the cost of computer equipment was $11,000, the estimated residual value is $1,000, and the estimated useful life is five years. The company uses a declining balance method to depreciate the asset over its useful life at a rate of 40%. Calculate the depreciation expense of the company over the 5 years.
A laptop computer is purchased for $2300. Each year, its value is 80% of its value the year before. After how many years will the laptop computer be worth $800 or less?
A new car is purchased for 17000 dollars. The value of the car depreciates at 12.25% per year. What will the value of the car be, to the nearest cent, after 14 years?
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.