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Marlin Davies buys a truck for 28,000 in 3 years it depreciates 48%in value how much is the truck worth in 3 years

Marlin Davies buys a truck for 28,000 in 3 years it depreciates 48%in value how much is the truck worth in 3 years
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4 votes
Marlin Davies buys a truck for 28,000 in 3 years it depreciates 48%in value how much is the truck worth in 3 years

asked
User Bill TP
by
7.4k points

1 Answer

5 votes
48% is the value depreciated

28,000 × 0.48 = 13,440

therefore,

28,000
- 13,440
---------------
$14,560 is the current value
answered
User Pramodh Valavala
by
7.5k points
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