Real-World Applicationsmedium
0:00.0

A factory purchases manufacturing equipment for \80,000.Thevaluedepreciatesusingthedecliningbalancemethodataconstantannualrateof. The value depreciates using the declining balance method at a constant annual rate of 15%.Whatisthevalueoftheequipment(tothenearestdollar)attheendof. What is the value of the equipment (to the nearest dollar) at the end of 4$ years?