Question

A car Depreciates in value an Annual rate of 10%.If it costs 28000 when new calculate

its depreciation in 4 years

i already found it value after 4 years

Answer 1

Accounting? :p

Answer 2

is it straight line or declining balance depreciation...?

Answer 3

Depreciated value = 28000*(1-10%)^4

Answer 4

that's providing its declining balance depreciation

Answer 5

so the answer is 18370.80 right

Answer 6

Yes