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chasielorraine
chasielorraine chasielorraine
  • 10-06-2016
  • Mathematics
Answered

On federal income tax returns, self-employed people can depreciate the value of business equipment. Suppose a computer valued at $2765 depreciates at a rate of 30% per year. Estimate the number of years it will take for the computer's value to be less than $350.

Verified Answer :

MAXTORRES27
MAXTORRES27 MAXTORRES27
  • 10-06-2016

After 6 years and with a depreciation rate of 30%, the computer's book value would be less than $350. 

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