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
