Answer:
Option C. $6,012
Step-by-step explanation:
we know that
The formula to calculate the depreciated value is equal to
[tex]V=P(1-r)^{t}[/tex]
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
[tex]V = 8,000(1-0.04)^{7} = 6,012[/tex]
Hope this helps :)
