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A truck with a purchase price of $32,000 depreciates 8% per year. What is the value of the truck after two years?

A truck with a purchase price of $32,000 depreciates 8% per year. What is the value of the truck after two years?
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1 vote
A truck with a purchase price of $32,000 depreciates 8% per year. What is the value of the truck after two years?

asked
User SOA Nerd
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7.7k points

1 Answer

4 votes
32000 * .92 = 29440.
29440 * .92 = $27084.80
answered
User Profimedica
by
8.8k points
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