Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A car normally depreciates 30% of its original value in the first year. A car is worth $12,495 after the first year. What was its

image text in transcribed
image text in transcribed
A car normally depreciates 30% of its original value in the first year. A car is worth $12,495 after the first year. What was its original value? The original value was $0 (Simplify your answer. Type an integer or a decimal) A car normally depreciates 30% of its original value in the first year. A car is worth $12,495 after the first year. What was its onginal value? The original value was $ (Simplify your answer. Type an integer or a decimal)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accountants Guide To Fraud Detection And Control

Authors: Howard R. Davia, Patrick C. Coggins, John C. Wideman, Joseph T. Kastantin

2nd Edition

0471353787, 9780471353782

More Books

Students also viewed these Accounting questions

Question

6. Does your speech have a clear and logical structure?

Answered: 1 week ago