Declining balance depreciation method

Reference no: EM1368490

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.

Reference no: EM1368490

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