Answer:
A)
B) The value of bulldozer after 3 years is $121250
Step-by-step explanation:
We are given the following in the question:
Cost of bulldozer = $137750
The value of bulldozer depreciates linearly.
A) Let V(t) be the linear function that gives the depreciated value of bulldozer after t years. Then, we can write:
Cost of new bulldozer = $137750
Value of bulldozer at the end of 22 years = $16750
Thus, the value of bulldozer is given by the function V(t)
where t is time in years.
B) Value of bulldozer after 3 years
We put t = 3 in the equation.
Thus, the value of bulldozer after 3 years is $121250