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14 April, 06:00

A truck is purchased for $17,000 and will depreciate in value 20% the first year. What will be the value of the truck one year after it is purchased?

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  1. 14 April, 06:10
    0
    17,000 • 0.2 = 3,400

    17,000-3,400 = 13,600

    So, after one year of owning this truck, it's value will depreciate to $13,600.
  2. 14 April, 06:19
    0
    It will be valued at 13,600 dollars.

    20% of 17,000 dollars is 3,400 dollars, which is how much worth it is losing Subtract that from the original value to get 13,600 value
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