Answer:
[tex]\$16,021[/tex]
Step-by-step explanation:
we know that
The formula to calculate the depreciated value is equal to
[tex]V=P(1-k)^{x}[/tex]
where
V is the depreciated value
P is the original value
k is the rate of depreciation in decimal
x is Number of Time Periods
in this problem we have
[tex]P=\$20,000\\k=0.105\\x=2\ years[/tex]
[tex]V=\$20,000(1-0.105)^{2}=\$16,020.50[/tex]
round to the nearest dollar
[tex]\$16,020.50=\$16,021[/tex]
