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Last year you purchase equipment in the HIM department for $14,250. You have been told that the equipment you bought has depreciated in value by 20%. What is the value of the equipment now

Answer :

Answer:

The value of the equipment is $11,400

Step-by-step explanation:

Percents are represented by the following equation:

[tex]\text{ Total}\cdot\frac{percent}{100}=\text{ Equivalent number to the percent}[/tex]

Then if your purchase was $14,250 and it depreciated by 20%;

[tex]14,250\cdot\frac{20}{100}=2,850[/tex]

Now, the value of the equipment is:

[tex]\text{ \$14,250- \$2,850= \$11,400}[/tex]

The value of the equipment is $11,400

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