Stallone's sub shop purchased a delivery van for $24,000. Suppose that MACRS allows delivery vans to be depreciated fully in 6 y
2 answers:
Answer:
The annual depreciation for the second year is $7,680.
Step-by-step explanation:
Stallone's sub shop purchased a delivery van for $24,000.
20% the first year, 32% the second year, 19.2% the third year, 11.52% the fourth and fifth years, and 5.76% the sixth year.
The annual depreciation is : The cost of the van * depreciation rate(of desired year)
The depreciation rate is 32% in the second year, so:
For, 2nd year the depreciation will be = dollars.
Therefore, the annual depreciation for the second year is $7,680.
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The solutions to the systems of equations are:
1. (2, 3) (see attachment below). [one solution]
2. no solution
3. (3, 13) [one solution]
<h3>Solution to a System of Equations?</h3>The solution to a system of equations is the x-value and y-value that will make both equations true. It can be found either using a graph, by elimination method, or substitution method as explained below.
1. Using graph to solve y = 2x - 1 and y = 4x - 5:
The solution is the point where both lines intersect which is: (2, 3) (see attachment below). [one solution]
2. Solving using substitution method:
x = -5y + 4 ---> eqn. 1
3x + 15y = -1 ---> eqn. 2
Substitute x = -5y + 4 into eqn. 2
3(-5y + 4) + 15y = -1
-15y + 12 + 15y = -1
-15y + 15y = -1 - 12
0 = -13 (this shows that there is no solution)
3. Using elimination method:
14x = 2y + 16 ---> eqn. 1
5x = y + 2 ---> eqn. 2
1(14x = 2y + 16)
2(5x = y + 2)
14x = 2y + 16 ----> eqn. 3
10x = 2y + 4 -----> eqn. 4
Subtract
4x = 12
x = 12/4
x = 3
Substitute x = 3 into eqn. 2
5(3) = y + 2
15 = y + 2
15 - 2 = y
13 = y
y = 13
The solution is: (3, 13).
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