A company buys a new bulldozer for $109500. The company depreciates the bulldozer linearly over its useful life of 24 years. Its salvage value at the end of 24 years is $13500. Depreciation is the decrease or loss in value of the equipment due to age, wear, or market conditions. Express the value of the bulldozer, V, in terms of how many years old it is, t. V=____________ The value of the bulldozer after 19 years is $________________
A company buys a new bulldozer for $109500. The company depreciates the bulldozer linearly over its useful life of 24 years. Its salvage value at the end of 24 years is $13500. Depreciation is the decrease or loss in value of the equipment due to age, wear, or market conditions. Express the value of the bulldozer, V, in terms of how many years old it is, t. V=____________ The value of the bulldozer after 19 years is $________________
Trigonometry (MindTap Course List)
10th Edition
ISBN:9781337278461
Author:Ron Larson
Publisher:Ron Larson
ChapterP: Prerequisites
SectionP.4: Linear Equations In Two Variables
Problem 7ECP
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A company buys a new bulldozer for $109500. The company depreciates the bulldozer linearly over its useful life of 24 years. Its salvage value at the end of 24 years is $13500. Depreciation is the decrease or loss in value of the equipment due to age, wear, or market conditions.
Express the value of the bulldozer, V, in terms of how many years old it is, t.
V=____________
The value of the bulldozer after 19 years is
$________________
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