posted by Christy on .
I can understand in my head how to solve it I can't figure it out on paper. Help......I'm sure this will be easy for someone.
The Rental Depreciation Problem. The owner of a rental house can depreciate its value over a period of
years, meaning that the value of the house declines at an even rate over that period of time until the value
a. By what fraction does the value of the house depreciate
the first year?
b. If the house is judged to be worth $85,000, what is
the value of the first year’s depreciation