For tax purposes, you may have to report the value of your assets, such as cars or refrigerators. The value you report drops with time. "Straight-line depreciation" assumes that the value is a linear function of time. If a $980 refrigerator depreciates completely in seven years, find a formula for its value as a function of time. Let x represent the time in years. dollars

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter8: Polynomials
Section8.1: Adding And Subtracting Polynomials
Problem 44PPS
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For tax purposes, you may have to report the value of your assets,
such as cars or refrigerators. The value you report drops with time.
"Straight-line depreciation" assumes that the value is a linear
function of time.
If a $980 refrigerator depreciates completely in seven years,
find a formula for its value as a function of time.
Let x represent the time in years.
dollars
Transcribed Image Text:For tax purposes, you may have to report the value of your assets, such as cars or refrigerators. The value you report drops with time. "Straight-line depreciation" assumes that the value is a linear function of time. If a $980 refrigerator depreciates completely in seven years, find a formula for its value as a function of time. Let x represent the time in years. dollars
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