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the answer $11,000 is incorrect Two cars with the same purchase price are not worth the same amount at the end of the year. Some

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the answer $11,000 is incorrect
Two cars with the same purchase price are not worth the same amount at the end of the year. Some cars depreciate faster than others. A truck depreciates at 45% and a Jeep depreciates at 25% per year. Assume the initial purchase price is $19,000 and the total cost of ownership is $38,000. Use a spreadsheet to determine how much more the jeep is worth in three years. $11,400 $3800 $11,000 $10,400

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