Answer:
Option C. [tex]\$6,012[/tex]
Step-by-step explanation:
we know that
The formula to calculate the depreciated value is equal to
[tex]V=P(1-r)^{t}[/tex]
where
V is the the depreciated value
P is the original value
r is the rate of depreciation in decimal
t is Number of Time Periods
in this problem we have
[tex]t=7\ years\\ P=\$8,000\\ r=0.04[/tex]
substitute in the formula above
[tex]V=\$8,000(1-0.04)^{7}=\$6,012[/tex]
