calculate depriciate value of 7820 at the rate of 20% per year after 17 year

The formula to calculate the depreciated value of an asset after a certain number of years using the rate of depreciation is:

\[
\text{Depreciated Value} = \text{Initial Value} \times (1 - \text{Depreciation Rate})^{\text{Number of Years}}
\]

Where:
- Initial Value = 7820
- Depreciation Rate = 20% = 0.20
- Number of Years = 17

Let's calculate it:

\[
\text{Depreciated Value} = 7820 \times (1 - 0.20)^{17} = 7820 \times (0.80)^{17}
\]

I'll calculate this for you.The depreciated value of an asset worth 7820 at the rate of 20% per year after 17 years is approximately 176.09.

Would you like further details or have any questions?

Here are 5 related questions:
1. How is depreciation different from amortization?
2. What are the different methods to calculate depreciation?
3. How does the time period affect the rate of depreciation?
4. Can depreciation rates vary across industries?
5. What is the impact of residual value on depreciation calculations?

**Tip:** Depreciation is commonly used in accounting to allocate the cost of an asset over its useful life. Understanding its impact on financial statements can provide better insights into asset management.

calculate depreciate value of 7820 at the rate of 20% per year after 17 year

Learn how to calculate the depreciated value of an asset worth 7820 with a 20% depreciation rate per year over 17 years. This problem covers key financial concepts like exponential decay and percentage calculations, suitable for students in Grades 10-12.

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