Monday

December 22, 2014

December 22, 2014

Posted by **Anonymous** on Thursday, December 29, 2011 at 7:36pm.

- math -
**Damon**, Thursday, December 29, 2011 at 7:44pm100 - 5.5 = 94.5 so

present value = original value * .945^n

100 - 54 = 46

so final value = original value * .46

so

original value *.46 = original value * .945^n

or

.945^n = .46

n log .945 = log .46

n = log.46/log.945 = 13.7 years

- math -
**Damon**, Thursday, December 29, 2011 at 7:48pmMy answer assumes depreciation per year is based on current depreciated value. If instead it is "straight line" or a constant amount per year then

.055 * original value = amount per year

.055 n = .54

n = 9.82

You problem does not specify which type of depreciation is intended.

**Answer this Question**

**Related Questions**

math - suppose you are starting an office-clening service. You have spent $315 ...

algebra - suppose you are starting an office-clening service. You have spent $...

accounting - Analyze and record, in the form of T Accounts, Mr. James' ...

Accounting - How would I record this on the "Journal Entry" and at what amount? ...

Finance - Dr. Whitten has decided to purchase equipment that has a cost of $60,...

Corporate Finance -- - PBC Ltd., a general insurance company, has historically ...

Accounting Adjustment - Use the straight line amortization method. Equipment ...

acc-editplz - Samuel Gardiner opens Gardiner Real Estate Agency with an ...

accounting - James, Inc. discovered that equipment purchased three years ago for...

accounting - Jackson Company invests in a new piece of equipment costing $40,000...