A car depreciated $2000 each year it was owned and driven. What type of depreciation is this?

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Giovanna Mcdowell

Mathematics

26 January, 18:27

A car depreciated $2000 each year it was owned and driven. What type of depreciation is this?

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Skyler · Answer 1

Straight line depreciation, the value of the car is given by the following equation, where V is the value of the car, and O is the original value of the car, and x is the number of years since buying the car. V=O-2x This equation follows the form of a straight line, that is: y=mx+b