Truck is purchased for $14,000 and will depreciate in value 20% the first year. The value of the truck one year after it is purchased will be $11200 and this can be detrmine by arithmetic operations.
Given :
A truck is purchased for $14,000 and will depreciate in value 20% the first year.
The original value of the truck = $14000.
It is given that the value of truck depreciate 20% in the first year. Therefore, the value of the depreciation will be:
[tex]= 14000\times\dfrac{20}{100}[/tex]
[tex]= 140\times20[/tex]
= 2800
Now, the value of the truck one year after it is purchased will be:
[tex]=14000-2800[/tex]
= $11200
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https://brainly.com/question/1957976
