A tractor costs $14,340 and depreciates in value by 45%. How much is the tractor worth?
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The depreciation value can be found by multiplying the original cost of the tractor ($14,340) by 45%:
Depreciation = $14,340 * 0.45
Depreciation = $6,453
Therefore, the tractor is worth:
$14,340 - $6,453
$7,887
So, the tractor is worth $7,887 after depreciating by 45%.