Real Estate Math
A Kansas property depreciates at a rate of $3,000 per year. After 8 years, what is the total accrued depreciation?
A$18,000
B$24,000✓ Correct
C$21,000
D$27,000
Explanation
$3,000/year × 8 years = $24,000 total accrued depreciation. Using the values given ($3,000), apply the appropriate formula..
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