a certain car was purchased for $15,500. the car has a resale value of $6,750 after a useful life of 7…

a certain car was purchased for $15,500. the car has a resale value of $6,750 after a useful life of 7 years. what is the book value of this car after 2 years? annual depreciation expense = $1250 book value = $? round to the nearest hundredth.

Answer