A Company Buys a Machine for $400,000

question 23

Multiple Choice

A company buys a machine for $400,000. During the next 8 years, the machine depreciates at the rate of 25% per year. That is, at the end of each year, the depreciated value is 75% of what it was at the beginning of the year. Find the depreciated value of the machine at the end of the 8 full years. Round answer to the nearest cent.

• A)24.41
• B)30,033.87
• C)6.10
• D)53,393.55
• E)40,045.17

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Definitions:

Cube

In geometry, a cube is a three-dimensional solid object bounded by six square faces, facets or sides, with three meeting at each vertex.

Sum of the Cubes

A mathematical operation that involves adding together the cubes (third power) of a series of numbers.

Fibonacci Sequence

A series of numbers where each number is the sum of the two preceding ones, starting from 0 and 1.

Base Cases

Specific scenarios in recursion that terminate the recursive process, necessary to avoid infinite loops and ensure the algorithm completes.