What was the book value

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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An office building worth $2 million when completed in 1997 was depreciated linearly over 50 years; that is, the book value of the building decreases at a constant rate, so that at the end of 50 years the book value is zero.

1. What was the book value, in dollars, of the building in 2012?

2. What will be the book value, in dollars, in 2020?

3. What will be the book value, in dollars, in 2028?

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