Question

A piece of office equipment purchased for 67,500 depreciates in value each year. Suppose that each year the value of the equipment is 1/15 less than its value the preceding year. Calculate the value of the equipment after 2 years.

Answer 1

Answer:

Step-by-step explanation:

67500 - 1/15 * 67500 = 63000 after year 1

                      63000 - 1/15 (63000) = 58 800 after two years