A business uses straight-Hine depreciation to determine the value y of an automo
ID: 2910833 • Letter: A
Question
A business uses straight-Hine depreciation to determine the value y of an automobile over an 8-year period. Suppose the original value (when t-0) is equal to $26,400 and the salvage value (when t 8) is equal to $8000 a. By how much has the automobile depreciated over the 8 years? Theautomobilehasdepreciated$overthe8years. (simplify l your answer.) b. By how much is the value of the automobile reduced at the end of each of the 8 Tho value of the automobile is reduced by $ at the end of each of the 8 years. (Simplify your answer.) years? c. Write the linear equation that models the value s of this automobile at the end of year t The linear equation that models the value s of this automobile at the end of year t liss (Simpility your answer. Do not factor. Type an expression using t as the variable.) Enter your answer in each of the answer boxes. 2 Sample Tests and Quizzes 01Explanation / Answer
a. The automobile has depreciated by 26400-8000=18400
b. Depreciation each year=18400/8=2300
c. slope=(8000-26400)/(8-0)=-18400/8=-2300
Equation is s=-2300t+26400
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