SOLUTION: A company purchases cars for use by its executives. The purchase cost this year is $30,000. The cars are kept
for 3 years, after which they are expected to have a resale value of
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for 3 years, after which they are expected to have a resale value of
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Question 1163791: A company purchases cars for use by its executives. The purchase cost this year is $30,000. The cars are kept
for 3 years, after which they are expected to have a resale value of $8,000. If accountants use straight-line
depreciation, determine the function which describes the book value V as a function of the age of the car t. Answer by solver91311(24713) (Show Source):
The question gives you two points on a cartesian plane: and . Use the two point form of an equation of a straight line and then convert it to form to produce the function where is the number of years since purchase and is analogous to in the equation you produced, and is the initial purchase price and is analogous to in the equation you produced.
John
My calculator said it, I believe it, that settles it
