Question

Dione Industries bought a scanner for $800. It is expected to depreciate at a rate of 10% per year. What will the value of the scanner be in 2 years?
Answer
$648
$720
$889
$968

Answer 1

the 10% of $800 is $80
so at the first year it will be $800 - $80 = $ 720
and the 10% of $720 is 720*10/100 = $72

so the value of the scanner be in 2 years will be $ 720 - $72 =$648
the answer is $648