A company buys a machine for $400,000. During the next 8 years, the machine depreciates at the rate of 25% per year. That is, at the end of each year, the depreciated value is 75% of what it was at the beginning of the year. Find the depreciated value of the machine at the end of the 8 full years. Round answer to the nearest cent.
A)24.41
B)30,033.87
C)6.10
D)53,393.55
E)40,045.17

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The Answer of A company buys a machine for $400,000. During the next 8 years, the machine depreciates at the rate of 25% per year. That is, at the end of each year, the depreciated value is 75% of what it was at the beginning of the year. Find the depreciated value of the machine at the end of the 8 full years. Round answer to the nearest cent.
A)24.41
B)30,033.87
C)6.10
D)53,393.55
E)40,045.17

A Company Buys a Machine for $400,000