A home is purchased for $300,000 depreciated 8% over a 1 year period. What was the value of the home after the end of the year?
2007-03-11 04:13:48 · 5 answers · asked by barbjs45 1 in Science & Mathematics ➔ Other - Science
$300,000 x 0.92 = 276000
Hope it helps
xxx
2007-03-11 04:18:34 · answer #1 · answered by ellie_93xx 2 · 0⤊ 0⤋
The home was bought for $ 300, 000
Depreciation 1 year = 8% = 8 X 300,000/100 = 24,000
Value of the home after 1 year is
300,000 - 24,000 = 2,76,000 dollars.
You can also get the answer by multiplying 300,000 with 0.92
2007-03-11 11:25:08 · answer #2 · answered by Swamy 7 · 0⤊ 0⤋
if a house is bought for 300,000 it will probably bring the same amount even many years later it really depends on amount of land and location
2007-03-11 11:28:47 · answer #3 · answered by sportbiker_til_the_end 2 · 0⤊ 1⤋
When does a house depreciate ? Not very often and not for very long. Real estate prices continueto be outrageous.
2007-03-11 11:22:42 · answer #4 · answered by david d 5 · 0⤊ 2⤋
0.92 x $300,000 = $276,000
2007-03-11 11:30:41 · answer #5 · answered by Bel 1 · 0⤊ 0⤋