Answer:
[tex]\$7,770.81[/tex]
Step-by-step explanation:
we know that
The formula to calculate the depreciated value is equal to
[tex]V=P(1-r)^{x}[/tex]
where
V is the depreciated value
P is the original value
r is the rate of depreciation in decimal
x is Number of Time Periods
in this problem we have
[tex]P=\$8,599\\r=2.5\%=0.025\\x=4\ years[/tex]
substitute
[tex]V=\$8,599(1-0.025)^{4}=\$7,770.81[/tex]
