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What is the purchase price of a car at the end of six years

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Problem 1. What is the purchase price of a car at the end of 6 years, if it was bought for $ 190,500 and it depreciates $ 8,250 annually? Use the straight-line depreciation method.

A) $ 135,490.00

B) $ 141,000.00

C) $ 148,088.75

D) $ 156,390.00

Reference no: EM132976920

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