A jet ski depreciateseason at 11% of its original value each year. If the jest ski was $8,000 at its time of purchase, what is the value of the jet ski after 5 years?

Question

asked Jul 4, 2019 94.1k views

2 Answers

Murilo Vasconcelos · Answer 1 · 2019-07-09T23:01:43+0000

Answer: $3,600

Explanation:

Yearly depreciation is 11% of $8,000, which is $880.

5 years times $880 = $4,400.

Original price of $8,000 less depreciation of $4,400 leaves a book value of $3,600.