A tractor was purchased for 110 000 Euros, and depreciates at 25% p.a. for 5 years.

1.) A tractor was purchased for 110 000 Euros, and depreciates at 25% p.a. for 5 years.

a. Find sits value at the end of this period.

b. By how much has it depreciated?

 

2.) Suppose I buy a laptop for 87 500 and kept it for 3 years. During this time it depreciates at an annual rate of 30%.

a. Find its value after 3 years.

b. By how much has the laptop depreciated? 

4.) A printing press costing $250 000 was sold 4 years later for $80 000. At what yearly rate did it depreciate in value?

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