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Sally purchased a lawn mower for $10,000. The salvage value at the end of its seven year useful life will be $2,000. What is the annual depreciation? *

Sally purchased a lawn mower for $10,000. The salvage value at the end of its seven year useful life will be $2,000. What is the annual depreciation? *
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18 votes
Sally purchased a lawn mower for $10,000. The salvage value at the end of its

seven year useful life will be $2,000. What is the annual depreciation? *

asked
User WindChimes
by
7.5k points

1 Answer

12 votes

Answer:

Roughly

1143$ annually

But if you want exact then its

1142.857143$

Explanation:

answered
User DrRobotNinja
by
8.3k points
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