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If a machine depreciates each year at the rate of \(50\%\) of its previous value, was the machine worth less than

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by Vincen » Sun Feb 14, 2021 1:49 pm

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If a machine depreciates each year at the rate of \(50\%\) of its previous value, was the machine worth less than \(\$12,000\) at the end of three years?

(1) The machine’s starting value was more than \(\$95,000.\)

(2) The machine depreciated more than \(\$24,000\) during its second year.

Answer: B

Source: e-GMAT
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