Depreciation is the decrease or loss in value of an item due to age, wear, or ma

Question

Depreciation is the decrease or loss in value of an item due to age, wear, or market conditions. We usually consider depreciation on expensive items like cars. Businesses use depreciation as a loss when calculating their income and taxes. One company buys a new bulldozer for S101100. The company depreciates the bulldozer linearly over its useful life of 17 years. Its salvage value at the end of 17 years is $18650. Express the value of the bulldozer, V, as a function of how many years old it is, t. Preview The value of the bulldozer after 3 years is $

Explanation / Answer

we have two points ( 0 , 101100 )

( 17 , 18650 )

finding linear function

slope = ( 18650 - 101100 ) / 17

= -4850

hence, the equation is

V = - 4850 t + 101100

b)  value of bulldozer after 3 years

V = -4850 (3) + 101100

V = $ 86550

Related Questions

Navigate

• Browse (All)
• Browse D
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.