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Sagot :
Answer:
$20,783
Step-by-step explanation:
The original value of the car is given as $36,601.
Now, the residual value of the car after a 3 - year lease is given as $15,818.
Residual value is the amount that the person leasing this car can purchase it after the 3 years lease is expired.
Formula for his residual value is usually;
Residual value = original value - depreciation value
Where depreciation value is the amount of the cars original value the Person getting the vehicle on lease for 3 years would pay to cover that period.
Thus;
Depreciation value = 36601 - 15818 = $20783
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