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Janice Wants to Buy a New Car

Question 38

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Janice wants to buy a new car.The cost is $30,000.At the end of six years,the car is expected to be worth 20% of the original price.(Show all work. )
a.
What will the car value be in six years?
b.
What is the annual depreciation on the car?

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a.Value of car = 0.20 *$30,000...

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