Questions LLC
Login
or
Sign Up
Ask a New Question
Finance
Personal Finance
Depreciation
2. You just bought a used truck for $10,000 and it loses value at a rate of 10% per year. What is it worth two years later?
1 answer
10,000 * 0.9 = 9,000
9,000 * 0.9 = 8,100
You can
ask a new question
or
answer this question
.
Similar Questions
A truck bought new for $31,000 depreciates at a rate of 3% per year. How much is the truck worth in 5 years? Write an equation
Top answer:
nvm I got it :)
Read more.
Lena Horn bought a Toyota Tundra for $30,000 with an estimated life of 5 years. The residual value of the truck is $5,000.
Top answer:
To answer these questions, we need to understand the concept of straight-line depreciation. In
Read more.
Lena Horn bought a Toyota Tundra on January 1 for $30,000 with an estimated life of 5 years. The residual value of the truck is
Top answer:
The straight-line method for depreciation is a 5 step method 1) Take the initial cost... $30,000 2)
Read more.
Lena Horn bought a Toyota Tundra for $30,000 with an estimated life of 5 years. The residual value of the truck is $5,000.
Top answer:
Five years ago, you bought a house for $151,000, with a down payment of $30, 000, which meant you
Read more.
A transport company purchased a truck for $40,000. The operating cost was $2,000 per month, with average revenues of $4,000 per
Top answer:
To calculate the monthly rate of return, we need to determine the total profits made in two years
Read more.
If I bought a truck for $43,750 and it depreciates at a rate of 13% each year. What would the price of the truck be worth in
Top answer:
To determine the price of the truck after five years of depreciation, we need to use the formula:
Read more.
A truck costing $25,000 with a residual value of $5,000 was purchased by Rim Corporation. The truck’s estimated life is 10
Top answer:
To calculate the book value of the truck at the end of Year 2 using the declining-balance method, we
Read more.
A truck costing $25,000 with a residual value of $5,000 was
purchased by Rim Corporation. The truck’s estimated life is 10
Top answer:
To calculate the book value of the truck at the end of Year 2 using the declining-balance method
Read more.
A truck costing $25,000 with a residual value of $5,000 was purchsed by Rim Corporation. The truck's estimated life is 10 years.
Top answer:
ujty
Read more.
Wendell Corporation exchanged an old truck and $25,500 cash for a new truck.
The old truck had a book value of $6,000 (original
Top answer:
no answer?
Read more.
Related Questions
Ruman construction Limited has obtained a new truck with a list price, including options of Rs. 3150,000. The dealer had given a
A 12000 kg truck strikes the back end of a 750 kg car moving at 15 m/s. If the truck loses 7500 kg-m/s of its momentum to the
A furniture truck leaves the warehouse to deliver furniture to an apartment in the city. The people who bought the furniture
A new truck was purchased for $58,000. Each year after the truck was purchased, its value decreased by approximately
Question
A big rig truck loses its breaks going down a steep highway. The truck has a mass of 36,200 kilograms and is traveling
A truck costs $35,000 with a residual value of $2,000. Its service life is five years. Using the declining-balance method at
Amanda Sabino's taxable income is $20,900.00. How much will she pay in state tax?
Tax Table- First $2,000: 2.0% rate Next $4,000:
Emma buys and sells truck parts. She bought two tires for $35.00 each and later sold them for $65.00 each. She bought three rims
A big truck loses its brakes going down a steep Highway the truck has a mass of 36,200 kg and it is traveling 1778 mph 34.8 m/s
A big rig truck loses its breaks going down a steep highway. The truck has a mass of 36,200 kilograms and is traveling at 78
