Question

Acadia bought an MP3 player at Everywhere Electronics for $350 and its valued depreciated linearly. Three years later, she saw the same MP3 player at the same store for $125. What is the amount of yearly depreciation of Acadia's MP3 player?

a. $100
b. $75
c. $50
d. $25

Answer 1

The amount of yearly depreciation of Acadia's MP3 player is $75.

Step-by-step explanation:

To find the amount of yearly depreciation of Acadia's MP3 player, we can use the formula for linear depreciation:

Depreciation = (Initial value - Final value) / Time

Substituting the given values:

Depreciation = ($350 - $125) / 3 years = $225 / 3 years = $75 per year

Therefore, the correct answer is $75 (option b).