Question

An asset is purchased for $100,000. What is the value after the first three years using a depreciation rate of 5%?
A. $12,500
B. $14,262.50
C. $85,737.50
D. $98,507.49

Answer 1

\[100,000(.95)^3\] and a calculator

Answer 2

so is it D?

Answer 3

@satellite73

Answer 4

i don't know, i didn't do it
hold one a sec

Answer 5

http://www.wolframalpha.com/input/?i=100000%28.95%29^3

Answer 6

i actually get C, which is good, because it is always C in multiple choice

Answer 7

Thanks!