Math / Data & Statistics

QuestionA scooter is purchased for $\$ 4,000$ and has a resale value of $\$ 200$ after a useful life of 5 years. Using a book value depreciation chart, calculate the number of years until the book value of the scooter is $\$ 2,480$ . [?] years Enter

Studdy Solution
Determine the number of years until the book value is \$2,480:
The book value reaches \$2,480 after 2 years.
The number of years is:
$\boxed{2}$

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