Answer:
[tex]\$94.29[/tex]
Step-by-step explanation:
we know that
The formula to calculate the depreciated value is equal to
[tex]V=P(1-r)^{x}[/tex]
where
V is the depreciated value
P is the original value
r is the rate of depreciation in decimal
x is Number of Time Periods
in this problem we have
[tex]P=\$250\\r=15\%=0.15\\x=6\ years[/tex]
[tex]V=\$250(1-0.15)^{6}[/tex]
[tex]V=\$250(0.85)^{6}=\$94.29[/tex]
