SOLUTION: A building worth $828,000 is depreciated for tax purposes by its owner using the straight-line depreciation method. The value of the building y, after x months of use, is given by

Question 859928: A building worth $828,000 is depreciated for tax purposes by its owner using the straight-line depreciation method. The value of the building y, after x months of use, is given by y=828,000-2200x dollars. After how many years will the value of the building be $722,400?

Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!

 

Hi,

The value of the building y, after x months of use, is given by 

y=828,000-2200x dollars

 722400 = 828,000 - 2200x

 2200x = 828,000 - 722,400

     x = 105,600/2200 = 48mo  0r 4 years 

RELATED QUESTIONS

What principal P must be invested for t=7 years at the simple interest rate r=12% so that  (answered by jim_thompson5910)
 A business buys a car for $32 000. For the company records, the value of the car is... (answered by josmiceli)
when an $810,000 building is depreciated for tax purpose(by the straight line method),... (answered by josgarithmetic)
A business owner decides to buy a company car for $53400 and assumes it will have a... (answered by Boreal)
A piece of machine is purchased for $1,000,000. Accountants of the firm decided to use... (answered by CPhill)
An apartment owner utilized straight line 30 year depreciation on her taxes for an... (answered by solver91311)
 A business buys a car for $32 000. For the company records, the value of the car is... (answered by Theo)
please help me solve this problem. if you purchase an item for business use, in preparing  (answered by jim_thompson5910)
A consortium of international telecommunication companies contracted for the purchase and
 (answered by CPhill)