Answer:
Option C. $6,012
Step-by-step explanation:
we know that
The formula to calculate the depreciated value is equal to
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
t = 7 years
P = $8,000
r = 0.04
substitute in the formula above
Hope this helps :)
1) Seven divided by the difference of 10 and 3
2) A fraction where the numerator is seven, and the denominator is the difference of 10 and 3
3) Seven divided by the quantity of 3 subtracted from 10