What would be the depreciation value if the total purchase price was $95,000 and the trade-in value was $15,000?

To determine the depreciation value, you can calculate it by taking the total purchase price and subtracting the trade-in value. In this case, the total purchase price is $95,000 and the trade-in value is $15,000.

The formula to find the depreciation value is:

Depreciation Value = Total Purchase Price - Trade-in Value

Substituting the given numbers into the formula:

Depreciation Value = $95,000 - $15,000 = $80,000

This amount represents the loss in value of the asset over time, taking into account what you can receive back (the trade-in value). Therefore, the correct answer reflects the remaining value of the asset after accounting for the trade-in option, showing how much of the purchase price is considered to be lost to depreciation.