For tax and accounting purposes, corporations depreciate the value of equipment each year. One method used is called "linear depreciation," where the value decreases over time in a linear manner. Suppose that two years after purchase, an industrial milling machine is worth $780,000, and five years after purchase, the machine is worth $390,000. Find a formula for the machine value V (in thousands of dollars) at time t ≥ 0 after purchase.
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Home » Business » For tax and accounting purposes, corporations depreciate the value of equipment each year. One method used is called "linear depreciation," where the value decreases over time in a linear manner.