A car was valued at $39,000 in the year 1993. The value depreciated to $12,000 by the year 2002. A) What was the annual rate of change between 1993 and 2002? T- Round the rate of decrease to 4 decimal places. B) What is the correct answer to part A written in percentage form? T- 96. C) Assume that the car value continues to drop by the same percentage. What will the value be in the 2007 ? value-S Round to the nearest 50 dollars.

A car was valued at $39,000 in the year 1993. The value depreciated to $12,000 by the year 2002. A) What was the annual rate of change between 1993 and 2002? T- Round the rate of decrease to 4 decimal places. B) What is the correct answer to part A written in percentage form? T- 96. C) Assume that the car value continues to drop by the same percentage. What will the value be in the 2007 ? value-S Round to the nearest 50 dollars.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 8PA: Referring to PA7 where Kenzie Company purchased a 3-D printer for $450,000, consider how the...

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