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A company owns office cars worth a total $587,000.The cars are depreciated by 12% of a year .For 10 year what is the expected value of the cars at the end of 10 years ?

  • Math -

    y= 587,000(0.88)^x

    so.. y= 587,000(0.88)^10

    y=587000 x 0.278500976

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