Answer: 27) $800
28) $1,200
29) $1,030
30) $1,036.88
31) $571.43
Step-by-step explanation:
[tex]\dfrac{\text{Cost - Trade in value}}{\text{Useful life}}=\text{Annual Depreciation}\\\\\\27)\quad \dfrac{\$4500-\$500}{5\ yr}=\large\boxed{\$800\text{ per year}}\\\\\\28)\quad \dfrac{\$10,000-\$2,800}{6\ yr}=\large\boxed{\$1200\text{ per year}}\\\\\\29)\quad \dfrac{\$8150-\$3000}{5\ yr}=\large\boxed{\$1030\text{ per year}}\\\\\\30)\quad \dfrac{\$12,995-\$4,700}{8\ yr}=\large\boxed{\$1,036.88\text{ per year}}\\\\\\31)\quad \dfrac{\$2685-\$685}{3.5\ yr}=\large\boxed{\$571.43\text{ per year}}[/tex]
Reminder that when working with money, you need to round to two decimal places to account for the cents.
