A copier purchase new for $4800 depreciate in value $500 each year. The model predict that the value of the copier after seven years will be.
To find the value of the copier after seven years, we need to subtract the depreciation cost from the original purchase price for each year.
After 1 year: $4800 - $500 = $4300
After 2 years: $4300 - $500 = $3800
After 3 years: $3800 - $500 = $3300
After 4 years: $3300 - $500 = $2800
After 5 years: $2800 - $500 = $2300
After 6 years: $2300 - $500 = $1800
After 7 years: $1800 - $500 = $1300
Therefore, the value of the copier after seven years is $1300.
To find the value of the copier after seven years, you need to subtract the accumulated depreciation from the original purchase price.
The copier depreciates $500 each year, so after seven years, it will depreciate a total of $500 x 7 = $<<500*7=3500>>3500.
You can find the value of the copier by subtracting the accumulated depreciation from the original purchase price: $4800 - $3500 = $<<4800-3500=1300>>1300.
Therefore, the model predicts that the value of the copier after seven years will be $1300.
To determine the value of the copier after seven years, we need to subtract the total depreciation from the original purchase price.
The copier depreciates by $500 each year for a period of seven years.
Total depreciation = $500 x 7 = $3500
Now, subtract the total depreciation from the original purchase price to find the predicted value after seven years:
Predicted value after seven years = $4800 - $3500 = $1300
Therefore, the model predicts that the value of the copier after seven years will be $1300.