Weegy: Daniel Potter bought a new car for $20,000.00. Two years later, he wanted to sell it. He was offered $14,650.00 for it. If he sold it for that amount, his depreciation rate was 13.375%. [ Solution: $ 20,000.00 - $ 14,650.00 = $ 5,350; 5,350 / $ 20,000 * 100 = 26.75 %; 26.75% / 2 = 13.375% per year. ]
(More)