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| *The Commerce Journal>>>Other Taxes |
If a car has a depreciation rate of 20%, what is the value of the car after 6 years of its? |
original value is $35,000? Value is $0 after 6 years. The $35,000 has been entirely depreciated. These may not be the exact figures for each year but since you say a 20% rate it will have a 5 year expected life which actually depreciates over 6 years. 35 000 * (0,80^6) = 9 175,04 If this is for taxes, they may have a depreciation schedule, ie you take X percent in year Y. Depends upon how you calculate the depreciation. |
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