You Paid $90 for a Psychology Textbook at the Beginning

question 102

Multiple Choice

You paid $90 for a psychology textbook at the beginning of the semester. At the end of the semester you sell the textbook for $75. The textbook has depreciated

• A) $1.00.
• B) $15.00.
• C) $20.00.
• D) an indeterminate amount based on this information.