Depreciation: Double Declining-Balance Method Suppose a tractor purchased at a price of S60,000 is to be depreciated by the double declining-balance method over a 10-year period. It can be shown that the rate at which the book value will be decreasing is given by R ( 1 ) = 13388.61 e − 0.22314 t ( 0 ≤ t ≤ 10 ) dollars/year at year t. Find the amount by which the book value of the tractor will depreciate over the first 5 years of its life.
Depreciation: Double Declining-Balance Method Suppose a tractor purchased at a price of S60,000 is to be depreciated by the double declining-balance method over a 10-year period. It can be shown that the rate at which the book value will be decreasing is given by R ( 1 ) = 13388.61 e − 0.22314 t ( 0 ≤ t ≤ 10 ) dollars/year at year t. Find the amount by which the book value of the tractor will depreciate over the first 5 years of its life.
Depreciation: Double Declining-Balance Method Suppose a tractor purchased at a price of S60,000 is to be depreciated by the double declining-balance method over a 10-year period. It can be shown that the rate at which the book value will be decreasing is given by
R
(
1
)
=
13388.61
e
−
0.22314
t
(
0
≤
t
≤
10
)
dollars/year at year t. Find the amount by which the book value of the tractor will depreciate over the first 5 years of its life.
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