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The value of a new photocopier is $8894. Its value depreciates by 26% in the first year, 21% in the second year and 16% reducing

The value of a new photocopier is $8894. Its value depreciates by 26% in the first year, 21% in the second year and 16% reducing balance in the remaining 7 years. The value of the photocopier after this time, to the nearest dollar, is:

  1. $1534
  2. $1851
  3. $2624
  4. $3000
  5. $3504

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