# How do you determine the value of an x-ray machine after 5 year if it cost $216 thousand and Margaret Madison, DDS, estimates that her dental equipment loses one sixth of its value each year?

##### 1 Answer

Mar 29, 2015

Each year the value of a piece of equipment becomes

Initial value = 216 thousand dollars

Value after 1 year

Value after 2 years

Value after 3 years

Value after 4 years

Value after 5 years

Or more simply (and hopefully obviously by now)

Value after 5 years

($10,449 to the nearest dollar, if this is important)