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A machine depreciates by 1/4 of its value each year. If it cost $50,000 new, what is its value after 8 years?

A machine depreciates by 1/4 of its value each year. If it cost $50,000 new, what is its value after 8 years?
asked 65.9k views
4 votes
A machine depreciates by 1/4 of its value each year. If it cost $50,000 new,

what is its value after 8 years?

asked
User Naghal
by
8.5k points

1 Answer

1 vote

Explanation:

The price of machine=$50000

depreciates rate (R )=1/4×100%

=25%

answered
User Sauhardnc
by
7.8k points
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