Question
Problem 1 (USE Problem 1 Excel Sheet, its blank) A Ford Mustang GT costs $75000. Assuming the price of a Ford Mustang didn't change since
Problem 1 (USE Problem 1 Excel Sheet, its blank)
A Ford Mustang GT costs $75000. Assuming the price of a Ford Mustang didn't change since 1985, calculate the current(2019) price of resale for Mustangs purchased over the years, subject to variable depreciation based on Year of Purchase.
YEAR OF PURCHASE | ANNUAL DEPRECIATION |
1985 - 1995 | $2000 |
1996 - 2005 | $1800 |
2006 - 2015 | $1600 |
2016 - Present | $1400 |
Choose the formula that will calculate the resale value of a Mustang in 2020
= 75000 - [Year of Purchase] * Annual Depreciation) | ||
= [Year of Purchase] ) * Annual Depreciation) | ||
= 75000 - ((2020 - [Year of Purchase] ) * Annual Depreciation) | ||
= (2020 - [Year of Purchase] ) * Annual Depreciation) |
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