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According to a NY Times article in 2009, the average selling price of an LCD TV was $700. What would be the cost of that same TV in 2016 dollars?

Sagot :

michell96

The prices of products usually fall due to depreciation and the appearance of new technological objects. In this case, the value of the television would lower its price due to the appearance of other technologies such as LED.

How to calculate LCD TV depreciation?

To calculate the depreciation of the LCD TV, the year of manufacture, the useful life, the prices of new products (generally better), among others, must be taken into account.

A ballpark figure of 15% is generally used to calculate the depreciation of a television per year. In this case, following this pattern, the television would have a value of:

  • 700 - 105 = 595
  • 595 - 89.25 = 505.75
  • 505.75 - 75.86 = 429.88
  • 429.88 - 64.48 = 365.39
  • 365.39 - 54.80 = 310.58
  • 310.58 - 46.58 = 263.99
  • 263.99 - 39.59 = 224.39

Learn more about depreciation in: https://brainly.com/question/15085226

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