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23 August, 19:34

One company buys a new bulldozer for $108250. The company depreciates the bulldozer linearly over its useful life of 16 years. Its salvage value at the end of 16 years is $14650.

A) Express the value of the bulldozer, V, as a function of how many years old it is, t. Make sure to use function notation.

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  1. 23 August, 20:03
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    To answer the problem above, we make the assumption first that the depreciation is a straight-line method in order to solve for the depreciation rate.

    d = (108250 - 14650) / 16 = 5850

    The value of the bulldozer at any time t should be given by the equation,

    V = 108250 - 5850t
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