Answer to Question #288420 in Economics for Sera

Question #288420

What is the value of an asset after 8 years of use if it depreciates from its original value of 500, 000 to its salvage value of 1.5% in 10 years? (Use Straight Line Method)

Expert's answer

The value of an asset after 8 years of use is:

"PV = 500,000\u00d70.985\u00d7(1 - 0.8) = 98,500."

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