Problem 359
The Rental Depreciation Problem. The owner of a rental house can depreciate its value over a period of 
years, meaning that the value of the house declines at an even rate over that period of time until the value is 
85,000, what is the value of the first year’s depreciation?
Solution
a. 
So, the depreciation is 
each year.
b. Value of the first year’s depreciation = *85000 = $3090.91