Answered

Discover the answers you need at Westonci.ca, where experts provide clear and concise information on various topics. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

Louis Young paid $21,550 for a used car 5 years ago. Because he did not properly maintain the car, he sold it for only $4,850. What was his average annual depreciation?$3,054$3,340$3,570$3,740None of these choices are correct.

Sagot :

We will determine the annual average depreciation as follows:

*First: We determine the total depreciation:

[tex]T=21550-4850\Rightarrow T=16700[/tex]

*Second: We divide the total depreciation by the number of years:

[tex]A_d=\frac{16700}{5}\Rightarrow A_d=3340[/tex]

So, the average annual depreciation was of $3 340. [Option B]

We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.