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# declining-balance depreciation method

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Enrique is planning a trip around the world in three years. He will sell all of his possessions at that to fund the trip. Two years ago, he bought a used car for \$12,500. He observes that the market value for the car now is about \$8300. He needs to know how much money his car will add to his stash for his trip when he sells it three years from now. Use the declining-balance depreciation method to tell him.

https://brainmass.com/economics/macroeconomics/declining-balance-depreciation-method-66430

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Depreciation

Enrique is planning a trip around the world in three years. He will sell all of his possessions at that to fund the trip. Two years ago, he bought a used car for \$12,500. He observes that the market value for the car now is about \$8300. He needs to know how much money his car will add to his stash for his trip when he ...

#### Solution Summary

Assess the declining-balance depreciation method.

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