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WITCHER [35]
2 years ago
11

Depreciation is the decrease or loss in value of an item due to age, wear, or market conditions. We usually consider depreciatio

n on expensive items like cars. Businesses use depreciation as a loss when calculating their income and taxes. One company buys a new bulldozer for $109600. The company depreciates the bulldozer linearly over its useful life of 16 years. Its salvage value at the end of 16 years is $17600. A) Express the value of the bulldozer, V, as a function of how many years old it is, t. Make sure to use function notation. B) The value of the bulldozer after 7 years is $
Mathematics
1 answer:
guajiro [1.7K]2 years ago
6 0

Answer:

a. V = $109,600  - $5,750(t)

b.  $69,350

Step-by-step explanation:

a. The expression of the value of the bulldozer is as follows

V = $109,600 - (m) × (t)

where,

m = depreciation

t  = time in years

Now the equation would be

$109,600 - 16(m) = $17,600

m = ($109,600 - $17,600) ÷ (16)

= $5,750

Now the expression would be

V = $109,600  - $5,750(t)

b. Now the value of the bulldozer is

= $109,600 - $5,750 × 7 years

= $109,600 - $40,250

= $69,350

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