A new building that costs $1,300,000 has a useful life of 100 years and a scrap value of $600,000. Using straight-line depreciation, find the equation for the value V in terms of t, where t is in years. (Make sure you use t and not x in your answer.) V(t) =  Find the value after 1 year, after 2 years, and after 90 years.  Value after 1 year     Value after 2 years     Value after 90 years

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter9: Quadratic Functions And Equations
Section9.6: Solving Quadratic Equations By Using The Quadratic Formula
Problem 15CYU
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A new building that costs $1,300,000 has a useful life of 100 years and a scrap value of $600,000. Using straight-line depreciation, find the equation for the value V in terms of t, where t is in years. (Make sure you use t and not x in your answer.) 
V(t) = 


Find the value after 1 year, after 2 years, and after 90 years. 

Value after 1 year    
Value after 2 years    
Value after 90 years  
Expert Solution
Step 1

Find the equation for the value V in terms of t.

(Cost of building Srap value
Straight Line Depreciation:
Useful Life
1,300,000 600,000
100
= 7000
V(t) Cost of building -(Straight Line Depreciation) xt
1,300,000 7000t
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