Answer:
-13
Step-by-step explanation:
X + y = 120000
0.15x - 0.10y = 5500
Multiply both sides of bottom by 100 to remove decimals
x + y = 120000
15x - 10y = 550000
Multiply both sides of top by 10
10x + 10y = 1200000
15x - 10y = 550000
Add the two
25x = 1750000
x = 70000
He paid $70,000 for the property that made a profit, and paid $50,000 for the property that lost value.
Answer:The value of the bulldozer after 3 years is $121950
Step-by-step explanation:
We would apply the straight line depreciation method. In this method, the value of the asset(bulldozer) is reduced linearly over its useful life until it reaches its salvage value. The formula is expressed as
Annual depreciation expense =
(Cost of the asset - salvage value)/useful life of the asset.
From the given information,
Useful life = 23 years
Salvage value of the bulldozer = $14950
Cost of the new bulldozer is $138000
Therefore
Annual depreciation = (138000 - 14950)/ 23 = $5350
The value of the bulldozer at any point would be V. Therefore
5350 = (138000 - V)/ t
5350t = 138000 - V
V = 138000 - 5350t
The value of the bulldozer after 3 years would be
V = 138000 - 5350×3 = $121950
