SOLUTION: Good day Can someone help me with this problem If a construction company purchased a machine in 2010, for the value of USD 150 000. And we know also that the machine has a

Algebra ->  Finance -> SOLUTION: Good day Can someone help me with this problem If a construction company purchased a machine in 2010, for the value of USD 150 000. And we know also that the machine has a      Log On


   

Question 637110: Good day
Can someone help me with this problem
If a construction company purchased a machine in 2010, for the value of
USD 150 000. And we know also that the machine has a constant annual depreciation
of USD 5500. Which is the value of the parameter m (slope)
THANKS
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
 

Hi,

(1, 9500)

(0, 15000)   m = (9500-15000)/1 = -5500

Value = -5500x + 15000 , where x is the number of years from 2010.