In 2004 Mr. Martin bought a Honda Civic for $19,200. In 2015 the car was valued at $4,300. Assuming normal wear and tear, calculate the following,
a. The rate of depreciation.

b. The value of the car in 2017.

Question

In 2004 Mr. Martin bought a Honda Civic for $19,200. In 2015 the car was valued at $4,300. Assuming normal wear and tear, calculate the following,
a. The rate of depreciation.

b. The value of the car in 2017.

mathmale · Answer

How much value did the car lose over the period 2004-2015?  
Show the work you've done to arrive at this "depreciation amount."