Zeus Industries bought a computer for \$2500. It is expected to depreciate at a rate of 20% per year. What will the value of the computer be in 2 years?
Question
Updated 7/15/2016 7:22:54 PM
Edited by jeifunk [7/15/2016 7:21:37 PM], Edited by jeifunk [7/15/2016 7:21:48 PM], Confirmed by jeifunk [7/15/2016 7:21:49 PM]
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Original conversation
User: Zeus Industries bought a computer for \$2500. It is expected to depreciate at a rate of 20% per year. What will the value of the computer be in 2 years?

Weegy: It would become \$1500 after 2 years.
2500 - (2500 * 20/100)*2 = 1500
carlmyers|Points 30|

User: Zeus Industries bought a computer for \$2593. It is expected to depreciate at a rate of 30% per year. What will the value of the computer be in 3 years?

Question
Updated 7/15/2016 7:22:54 PM
Edited by jeifunk [7/15/2016 7:21:37 PM], Edited by jeifunk [7/15/2016 7:21:48 PM], Confirmed by jeifunk [7/15/2016 7:21:49 PM]
Rating
3
\$259.30 will be the value of the computer be in 3 years.

\$2593 - (\$2593 *30/100) * 3 = \$259.30.
0
Assuming 30% depreciation per year is using straight line method.

therefore, depreciation every year = 2593*0.3 = 777.9

So, Value after 3 years = 2593-777.9- 777.9-777.9 = \$259.3

32,274,724
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