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Forrest Lumber purchased a table saw for $750. After 4 years the saw had a depreciated value of $450. What is the amount of yearly depreciation?
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First, how much (total) did it depreciate since his purchase?
$75 $60 $90 $375 are the choices
750
No. He paid $750 and 4 years later it was worth $450. So its value went down (depreciated) by $300. Make sense so far?
yes
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350
Ok....since it depreciated $300 over 4 years...you can simply divide $300 by 4 to get the answer :)
the value went down by 350
noooooo my bad
keep going
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your right
so its 75
Yes, $75 :)
thanks
np
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The answer was actually $90
And how did you come by that answer @Briinndyy_69? As far as I know there's only one way to solve 300 / 4.
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