SOLUTION: A company buy a $450,000 piece of equiptment in 2005. It depreciates $33,000 a year. What is the equation that relates years and value? For 10 years?

Question 345521: A company buy a $450,000 piece of equiptment in 2005. It depreciates $33,000 a year. What is the equation that relates years and value? For 10 years?
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!
At time, (2005), the equipment is worth $450,000.
It loses $33,000 of value every year after 2005.
where t is the number of years since 2005.
In 10 years,

The equipment is worth $120,000 in 10 years.

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