Question

Joe buys a car for $12000. If it is worth $2000 at the end of 10 years and is depreciating linearly how much is it worth at the end of 2 years?

Answer 1

Every year the price is going down by $1000. so after 2 more years have passed the car should cost 0$. Or if it could be $10000

Answer 2

10,000 is the answer. hope this helped