For tax purposes, you may have to report the value of your assets, such as cars or refrigerators. The value you report drops wit

Question

4 years ago

7

For tax purposes, you may have to report the value of your assets, such as cars or refrigerators. The value you report drops wit

h time. "Straight-line depreciation" assumes that the value is a linear function of time. If a $880 refrigerator depreciates completely in seven years, find a formula for its value as a function of time. Let x represent the time in years since the refrigerator was purchased.

Mathematics

1 answer:

shutvik [7] · Answer 1 · 2021-11-29T05:06:04+03:00

Answer:

v(x) = 880(1 -x/7)

Step-by-step explanation:

If the appliance is worthless in 7 years, its value decreases by 1/7 of its original value each year. The multiplier of value for a 7-year depreciation can be ...

(1 - x/7)

So, the refrigerator value can be modeled by ...

v(x) = 880(1 -x/7)