At the band’s peak of popularity, a signed Black Diamond poster sold for $500. Three years later, the band was almost forgotten, and the poster was worth only $10.

What is the annual rate of depreciation for the poster?

1 Expert Answer

By:

David W. answered • 08/30/19

I'll help you understand math!

(500 - 10)/3 = 490/3 = $163.33

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