Answered

Marlin Davies buys a truck for $28,000. In three years, the car depreciates 48% in value. How much is the car worth in three years?

A$12,005
B$14,560
C$14,000
D$27,052

Verified Answer :

meerkat18

Given:
Truck = $28,000
Depreciation in 3 yrs = 48% in value

$28,000 x 48% = $13,440 Depreciation 

$28,000 - $13.440 = $14,560 Value of the Car. CHOICE B.

A vehicle typically has a 5-year life span. This means that at the end of 5 years from the date of original purchase, the vehicle is fully depreciated and has a book value of zero.

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