the depreciation amount after one year for the Mercedes S-Class vehicle is $22,680 .
Step-by-step explanation:
Here we have , he Mercedes S-Class luxury vehicle depreciates by 32.4% after just one year. The starting price in 2015 was $70,000. We need to find What is the depreciation amount after one year for the Mercedes S-Class vehicle. Let's find out:
The starting price in 2015 was $70,000 , let's find price after one year i.e. in 2016 when Mercedes S-Class luxury vehicle depreciates by 32.4% ,According to question following equation is framed as :
⇒ [tex]Price - \frac{Price(32.4)}{100}[/tex]
⇒ [tex]70,000 - \frac{70,000(32.4)}{100}[/tex]
⇒ [tex]70,000 - 700(32.4)[/tex]
⇒ [tex]70,000 - 22,680[/tex]
⇒ [tex]\$47,320[/tex]
Therefore , the depreciation amount after one year for the Mercedes S-Class vehicle is $22,680 .
