A Certain Piece of Machinery Was Purchased 2 Year(s) Ago

Multiple Choice

A certain piece of machinery was purchased 2 year(s) ago by Garland Mills for $500,000. Its present resale value is $320,000. Assuming that the machine's resale value decreases exponentially, what will it be 2 year(s) from now? ​

A) The resale value of the machinery will be $204,800
B) The resale value of the machinery will be $205,911
C) The resale value of the machinery will be $204,789
D) The resale value of the machinery will be $204,911