Car A has an initial value of 30,000 and depreciates at a rate of 20% per year. Car B has an initial value of 20,000 and depreciates at a rate of 15% per year.Car B will become greater than the value of car A during the ninth,seventh,third, or fifth year

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07-01-2021
Mathematics

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Car A has an initial value of 30,000 and depreciates at a rate of 20% per year. Car B has an initial value of 20,000 and depreciates at a rate of 15% per year.Car B will become greater than the value of car A during the ninth,seventh,third, or fifth year

Sagot :

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amcool amcool · Answer 1 · 2021-01-10T20:55:31-05:00

Answer:

The value of Car B will become greater than the value of car A during the fifth year.

Step-by-step explanation:

Note: See the attached excel file for calculation of beginning and ending values of Cars A and B.

In the attached excel file, the following are used:

Annual Depreciation expense of Car A = Initial value of Car A * Depreciates rate of Car A = 30,000 * 20% = 6,000

Annual Depreciation expense of Car B from Year 1 to Year 6 = Initial value of Car B * Depreciates rate of Car B = 20,000 * 15% = 3,000

Annual Depreciation expense of Car B in Year 7 = Beginning value of Car B in Year 7 = 2,000

Conclusion

Since the 8,000 Beginning value of Car B in Year 5 is greater than the 6,000 Beginning value of Car A in Year 5, it therefore implies that the value Car B becomes greater than the value of car A during the fifth year.

imtired218912 imtired218912 · Answer 2 · 2021-03-23T03:02:58-04:00

imtired218912 imtired218912

23-03-2021

It’s the 7th year

Plato

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Car A has an initial value of 30,000 and depreciates at a rate of 20% per year. Car B has an initial value of 20,000 and depreciates at a rate of 15% per year.Car B will become greater than the value of car A during the ninth,seventh,third, or fifth year

Sagot :

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