Mathematics

29 December, 03:22

Suppose you have $15,000 in equipment for your business. You expect

the equipment will be worth 10% less each year.

a. Your friend says the equipment will be worth nothing in 10 yr, since

that would be 100% depreciation. Explain why that is incorrect.

b. Write an equation for this depreciation.

C. Find how much the equipment will be worth in 10 yr.

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