A copier purchase new for $4800 depreciate in value $500 each year. The model predict that the value of the copier after three years will be.
To find the value of the copier after three years, we subtract the depreciation amount ($500) from the original purchase price ($4800) for each year.
After the first year, the copier's value would be $4800 - $500 = $4300.
After the second year, the copier's value would be $4300 - $500 = $3800.
After the third year, the copier's value would be $3800 - $500 = $3300.
Therefore, the model predicts that the value of the copier after three years will be $3300.
To find the value of the copier after three years, we need to subtract the total depreciation from the initial purchase price.
Total depreciation after 3 years = depreciation per year * number of years
= $500 * 3
= $1500
Value of copier after 3 years = Purchase price - Total depreciation
= $4800 - $1500
= $3300
Therefore, the model predicts that the value of the copier after three years will be $3300.
To find the value of the copier after three years, we need to calculate the accumulated depreciation and subtract it from the original purchase price.
The copier depreciates by $500 each year, so after three years, the accumulated depreciation would be $500 * 3 = $1500.
To find the value of the copier after three years, we subtract the accumulated depreciation from the original purchase price:
Value after 3 years = Purchase price - Accumulated depreciation
Value after 3 years = $4800 - $1500
Value after 3 years = $3300
Therefore, the model predicts that the value of the copier after three years will be $3300.