Question

The value is 500,000. It depreciates by five percent for six years. What is the cost

Answer 1

Answer:367,545.9453125

Step-by-step explanation:

1st year= 500,000*5/100=25000

2nd year= 475000*5/100=23,750

3rd year= 451,250*5/100= 22,562.5

4th year =428,687.5*5/100=21,434.375

5th year=407,253.125*5/100=20,362.65625

6th year=386,890.46875*5/100=19,344.5234375

6th year=367,545.9453125