Step 1: Calculate the depreciation for the first year. The computer depreciates by 40% in the first year, so you multiply the initial cost of the computer by 40%.

$3650 * 0.40 = $1460

Step 2: Subtract the first year's depreciation from the initial cost to find the value of the computer after one year.

$3650 - $1460 = $2190

Step 3: Calculate the depreciation for the second year. The computer depreciates by 50% of its remaining value in the second year, so you multiply the value of the computer after the first year by 50%.

$2190 * 0.50 = $1095

Step 4: Subtract the second year's depreciation from the value of the computer after the first year to find the value of the computer after two years.

$2190 - $1095 = $1095

So, the computer is worth $1095 at the end of two years.

Question

Step 1: Calculate the depreciation for the first year. The computer depreciates by 40% in the first year, so you multiply the initial cost of the computer by 40%.

$3650 * 0.40 = $1460

Step 2: Subtract the first year's depreciation from the initial cost to find the value of the computer after one year.

$3650 - $1460 = $2190

Step 3: Calculate the depreciation for the second year. The computer depreciates by 50% of its remaining value in the second year, so you multiply the value of the computer after the first year by 50%.

$2190 * 0.50 = $1095

Step 4: Subtract the second year's depreciation from the value of the computer after the first year to find the value of the computer after two years.

$2190 - $1095 = $1095

So, the computer is worth $1095 at the end of two years.

Knowee AI · Accepted Answer

Step 1: Calculate the depreciation for the first year. The computer depreciates by 40% in the first year, so you multiply the initial cost of the computer by 40%.

$3650 * 0.40 = $1460

Step 2: Subtract the first year's depreciation from the initial cost to find the value of the computer after one year.

$3650 - $1460 = $2190

Step 3: Calculate the depreciation for the second year. The computer depreciates by 50% of its remaining value in the second year, so you multiply the value of the computer after the first year by 50%.

$2190 * 0.50 = $1095

Step 4: Subtract the second year's depreciation from the value of the computer after the first year to find the value of the computer after two years.

$2190 - $1095 = $1095

So, the computer is worth $1095 at the end of two years.

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?

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