Ask Question
11 September, 03:37

Eroa Industries bought a laser printer for $3400. It is expected to depreciate at a rate of 12% per year. What will the value of the printer be in three years? Round to the nearest dollar.

+4
Answers (1)
  1. 11 September, 05:05
    0
    The laser printer will have depreciated to $1487.5

    Step-by-step explanation:

    The cost price is $3400 and at a depreciation rate of 12% annually

    then if it is used for 3 years, it would have depreciated

    (3400 * 12 * 3) / 100

    = 34 * 12 * 3

    = $1912.5

    Therefore the new price value will be

    $3400 - $1912.5 = $1487.5
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Eroa Industries bought a laser printer for $3400. It is expected to depreciate at a rate of 12% per year. What will the value of the ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers