Mr Jones bought a car for $64.000. The car depreciates by 20 % in the first year and 10% in each of the following years. The value of the car at the end of the second year was
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Answered by
1
Answer:
ask mrs Jonas about the depreciation which was levied because she will only answer this question because mr Jonas is a busy person
Answered by
13
Answer:
Step-by-step explanation:
Depreciation for 1st year = 20/100 × 64000 = $12800
End of 1st year = $64000 - $12800 = $51200
Depreciation for 2nd year = 10/100 × 51200 = $5120
End of 2nd year = $51200 - $5120 = $46080
Answer
Value at the end of the 2nd year is $46,080
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