Mr. Garza is a machinist. He bought some new, №15227280, 27.07.2021 01:38

Question

Mathematics: Mr. Garza is a machinist. He bought some new machinery for about $500,000. If the machinery depreciates at the rate of 10% per year, what is the value of the machinery at the end of five years

Ranjana Bhatt Chemistry, Q&A Expert · Accepted Answer

Using A = P(1-r/100)^n Here P = $500,000 r = 10 and n = 5 Putting these values in the formula above...

Mr. Garza is a machinist. He bought some new machinery for about $500,000. If the machinery depreciates at the rate of 10% per year, what is the value of the machinery at the end of five years

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