A truck is purchased for 14000 and will depreciate in value 20 the first year. What will be the value of the truck one year after it is purchased?

Well, isn't that just a happy little question! After the first year, the truck will depreciate by 20% of its original value. So, 20% of $14,000 is $2,800. If we subtract that from the original price, we find that the truck will be worth $11,200 one year after it is purchased. Just remember, there are no mistakes in depreciation, only happy little adjustments!