Question

A $360,000 building is depreciated by its owner. the value y of the building after x months is: y = 360,000 – 1,500 x. how many months will it take until it is completely depreciated

Answer 1

Y = 360,000 - 1500 X X-intercepts; Y = 0 1500 X = 360,000 X = 240 Y-intercepts; X = 0 Y = 360,000 The Y-intercepts corresponds to the value of the property 0 months after purchase. The X -intercepts corresponds to the number of months that have passed before the value is 0. The property is fully depreciated after 240 months or 20 years