A new electric vehicle costs $46 000 and is depreciated using the reducing balance method by 15% of its value each year.
Find its value after four years, giving your answer to the nearest dollar. (2 marks)
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Depreciation, SMB-003 MC
A new car costs $30 000 and is depreciated using the reducing balance method by 20% of its value each year.
After three years its value is
Depreciation, SMB-002
Peter installed his new pool fence on 1 January 2013 at a cost of $12 000.
On 1 January of each year after 2013 its value is depreciated by 15% using the reducing balance method.
The value of the pool fence will be below $4000 for the first time on 1 January of what year? Show all working. (3 marks)
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Depreciation, SMB-001 MC
A new air-conditioning unit was purchased for $5000 on 1 January 2017.
On 1 January of each year after 2017 its value is depreciated by 20% using the reducing balance method.
The value of the air conditioner will be below $1500 for the first time on 1 January
- 2020
- 2021
- 2022
- 2023
Financial Maths, SMB-020
A company purchases a machine for $50 000. The two methods of depreciation being considered are the declining-balance method and the straight-line method.
For the declining-balance method, the salvage value of the machine after
where
- What is the annual rate of depreciation used in this formula? (1 mark)
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- Calculate the salvage value of the machine after 3 years, based on the given formula. (2 marks)
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Financial Maths, SMB-019
Alan bought a light aircraft for $76 500. It will depreciate at 14% per annum.
Using the declining balance method, what will be the salvage value of the light aircraft after 6 years, to the nearest dollar?
Financial Maths, SMB-018
Marnus bought a cricket bowling machine two years ago that cost $3400. Its value has depreciated by 10% each year, based on the declining-balance method.
What is the salvage value today, to the nearest dollar? (2 marks)
Financial Maths, STD2 F4 2021 HSC 4 MC
Three years ago an appliance was valued at $2467. Its value has depreciated by 15% each year, based on the declining-balance method.
What is the salvage value today, to the nearest dollar?
- $952
- $1110
- $1357
- $1515
Financial Maths, STD2 F4 2019 HSC 37
A new car is bought for $24 950. Each year the value of the car is depreciated by the same percentage.
The table shows the value of the car, based on the declining-balance method of depreciation, for the first three years.
What is the value of the car at the end of 10 years? (3 marks)
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Financial Maths, STD2 F4 2018 HSC 26h
A car is purchased for $23 900.
The value of the car is depreciated by 11.5% each year using the declining-balance method.
What is the value of the car after three years? (2 marks)
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Financial Maths, STD2 F4 2014 HSC 9 MC
A car is bought for $19 990. It will depreciate at 18% per annum.
Using the declining balance method, what will be the salvage value of the car after 3 years, to the nearest dollar?
- $8968
- $9195
- $11 022
- $16 392