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.
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