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
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
* Math156 - Ms. Sue, Saturday, September 12, 2009 at 5:06pm
What period of time is used in this rental depreciation?
* Math156 - Christy, Saturday, September 12, 2009 at 5:54pm
27 1/2 YEARS
depreciation is for tax purposes, which are done annually, so the depreciation is over 28 years.
Fraction first year? 1/28
value of first year? 1/28 ( 85000)
Even depreciation is getting to be a very rare method.