SOLUTION: The salvage value S​ (in dollars) of a company limousine after t years is estimated to be given by the formula below. Use the formula to answer the questions.
S(t) = 800,000
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Question 1065189: The salvage value S (in dollars) of a company limousine after t years is estimated to be given by the formula below. Use the formula to answer the questions.
S(t) = 800,000(0.9)^t
What is the rate of depreciation (in dollars per year) after 1, 5, and 10 years?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let to find value starting off
--------------------------
and
10% depreciation
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Solve next two like the 1st one
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