# A business bought computers for its company for $350,000 two years ago. What is the value of the company's computers in three years using the depreciation rate 23%?

By signing up, you agree to our Terms of Service and Privacy Policy

Assumption: depreciation is compounded ( is in real life)

This question checks your depreciation computation skills as well as your comprehension of the question—there's a trap!

3 years from now plus 2 years ago equals 5 years.

where P is the starting value and n is the number of years.

By signing up, you agree to our Terms of Service and Privacy Policy

To find the value of the company's computers in three years using a depreciation rate of 23%, we can use the straight-line depreciation method.

First, calculate the annual depreciation amount: Depreciation rate = 23% Annual depreciation = Depreciation rate × Initial cost of computers Annual depreciation = 0.23 × $350,000 =$80,500

Then, calculate the value of the computers after three years: Value after three years = Initial cost of computers - Total depreciation Value after three years = $350,000 - ($80,500 × 3) = $350,000 -$241,500 = $108,500

So, the value of the company's computers in three years using a depreciation rate of 23% is $108,500.

By signing up, you agree to our Terms of Service and Privacy Policy

When evaluating a one-sided limit, you need to be careful when a quantity is approaching zero since its sign is different depending on which way it is approaching zero from. Let us look at some examples.

When evaluating a one-sided limit, you need to be careful when a quantity is approaching zero since its sign is different depending on which way it is approaching zero from. Let us look at some examples.

When evaluating a one-sided limit, you need to be careful when a quantity is approaching zero since its sign is different depending on which way it is approaching zero from. Let us look at some examples.

- What is #1 2/3# written as a decimal and a percent?
- How do you solve #x + 2 = 0#?
- A gallon of gas cost $3.50 at the beginning of the month. At the end of the month it cost $3.75. What was the percent change in the price of a gallon of gas?
- How do you solve #-24u = -4#?
- How do you solve #3p - 1 = 5(p -1) - 2(7- 2p)#?

- 98% accuracy study help
- Covers math, physics, chemistry, biology, and more
- Step-by-step, in-depth guides
- Readily available 24/7