The Annual Rate of Depreciation R on a Car That

question 43

Short Answer

The annual rate of depreciation r on a car that is purchased for P dollars and is worth W dollars t years later can be found from the formula: The car depreciates in value according to the following depreciation table. AGE IN YEARS VALUE IN DOLLARS new 4 7,150 5,750 Find the annual rate of depreciation. Round the result to the nearest tenth. __________%

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Definitions:

Inventory

Items, such as raw materials, work-in-progress, and finished goods, that a company holds with the intention of selling them.

Operating Activities

Day-to-day business functions and transactions that affect a company's net income, primarily revenue and expense activities.

Net Income

The amount of money that remains after subtracting all expenses, taxes, and costs from total revenue.

Cash Dividends

Payments made by a corporation to its shareholder members. It is the share of profits distributed.