Wednesday
March 29, 2017

Post a New Question

Posted by on .

The Rental Depreciation Problem. The owner of a rental house can depreciate its value over a period of 27 ½ years, meaning that the value of the house declines at an even rate over that period of time until the value is $0.

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?

  • math - ,

    1/27.5 = .03636 or about 3.6 % per year

    85,000/27.5 = $3090.91

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question