vehicle purchased for $22,400 depreciates at a constant annual rate of 7%. Determine the approximate value of the vehicle 10 years after purchase. Round to the nearest whole dollar. (Hint: Write and evaluate an exponential function to answer this question.)

None

A car depreciates exponentially at a rate of 5% per year. If the car is worth $30,000 after 9 months, what was the original price of the car?                 ​

Provide step by step manual solution, given, and depreciation table for below mentioned problem.  Make sure yet that your answer is the same as the given answer before sending your solution.  An asset costing P50,000 has a life expectancy of 6 years and an estimated salvage value of P8,000. Calculate the depreciation charge at the end of the fourth period using fixed-percentage method. Answer. P5,263.87

A machine can be purchased for $130,000 and used for five years, yielding the following income. This income computation includes annual depreciation expense of $26,000. Income Year 1 $8,800 Year 2 $21,800 Year 3 $57,000 Year 4 $32,900 Year 5 $87,200 Compute the machine's payback period. (Round payback period answer to 2 decimal places.) × Answer is complete but not entirely correct. Year Net Income Depreciation Net Cash Flow Cumulative Net Cash Flow Initial invest $ (130,000) $ (130,000) Year 1 $ 8,800 $ 26,000 34,800 34,800 x Year 2 21,800 26,000 47,800 82,600 x Year 3 57,000 26,000 83,000 130,000 × Year 4 32,900 26,000 Year 5 87,200 26,000 Payback period = 2.57 years

Vijay

A car was purchased in 1985 for $15000.  Its value in current dollars depreciated steadily at a rate of 13% per year.  What will be the car's value be at the beginning of 2003?

Your business buys a desk for $3,000.  You figure the desk will be useful for 10 years and have a value of $500 at the end of the 10-year period.  For financial accounting purposes, what is the asset’s depreciable basis?

Using the double declining balance method, Determine the yearly amortization of a car costing $45000 with a residual value of $4000. The car has an estimated life of 10 years and was purchased on July 1st. Include the yearly amortization of the asset for the 10 years.

A car is valued at $6,000 and depreciates at a rate of 3.5% per year. What is the value of the car after 4 years?