Question

A company buys a new bulldozer for $116050. The company depreciates the bulldozer linearly over its useful life of 20

Answer 1

Answer:

A.   V = 116050 - 5300t

B.  $73,650.

Step-by-step explanation:

10050 = 116050 - 20k    where k is the depreciation every year.

20k = 116050  - 10050 = 106000.

k =  106000 / 20

k = 5300

So the answer to A is:

V = 116050 - 5300t   where t = number of years old the bulldozer is.

B. Value after 8 years

= 116050 - 5300*8

= 73,650 dollars.