Jumat, 05 Juli 2013

If a lawn mower decreases in value by 20% each year, why will it still have value after 5 years?

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Rosalie


Bill buys a new lawn mower which decreases in value 20% each year.
He says the after 5 years the lawn mower will have no value. Why is bill wrong?



Answer
Each year the value decreases which means the amount equaling 20% also decreases.

Year 1 - value = $75; 20% of that is $15. 75-15 = 60
Year 2 - value = $60; 20% of that is $12. 60-12 = 48
Year 3 - value = $48; 20% of that is $9.60 48 - 9.60 = 38.40
Year 4 - value = $38.40; 20% of that is $7.68 38.40 - 7.68 = 30.72
Year 5 - value = $30.72; 20% of that is $6.14 30.72 - 6.14 = 24.58

Is it illegal to have Lawn Mowers in the backyard and in the front yard?




Francis Ja


I'm asking this because my parents received something from the cops and not just me everyone in my neighborhood got on. They say this.Remove all items from yard to include old lawn mowers, trailers, go carts, misc, garbage, lawn equip, cans, containers, metal, plastic, wood, etc. I was shocked. We never had this for 7 years. But now I think they are taking it seriously for some reason. Please help!


Answer
Obviously it is a violation of local zoning code.

There are two reasons such codes suddenly get enforced.

One is complaints from neighbors, because such hillbilly crap tends to drive down property values. This enforcement wave could very well be a result of some guy down the street who's had his house on the market for three years now and can't find a buyer. It also could be some councilman who when driving through your neighborhood thinks it looks like a ghetto.

The second reason is that municipal budgets have been slashed. So they're looking for new revenue streams to pay for necessities. Such low hanging fruit as code violations rarely have as rapid repercussions on elected officials as cutting services or not balancing the budget.


You've always had such rules, they just didn't enforce them




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