Question: Depreciation is a decrease in the value of an asset over time. Computers depreciate over time. Vince buys a Macbook Pro for 6200 dollars. After
Depreciation is a decrease in the value of an asset over time. Computers depreciate over time. Vince buys a Macbook Pro for 6200 dollars. After 6 years, Vince is only able to sell the laptop for 1700 dollars. By what amount did the laptop depreciate each year over the 6 years?
Step by Step Solution
There are 3 Steps involved in it
To calculate the annual depreciation of Vinces laptop over the 6 years we can use the formula f... View full answer
Get step-by-step solutions from verified subject matter experts
