SOLUTION: the book value of a machine is expressed by the equation V=60000-7500t where V equ

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Question 1055824: the book value of a machine is expressed by the equation V=60000-7500t where V equals the book value in dollars and t equals the age of the machine expressed in years. Identify the t and V intercepts?
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
V=60000-7500t
When V=0, t=8
Book value is 0 after 8 years.
Then t=0, V=60000, meaning the book value of a new machine is $60,000.