Please make sure that ALL of the questions can be answered CORRECTLY
before taking on this assignment. I will need brief explanations to the
answers.
1-3 Carefully read the following paragraph below before responding to
questions 1, 2, and 3.
Acme Inc. has just purchased new computers for $60,000. Suppose that in
8 years the computers will have a salvage value of $8,000. The college
plans to depreciate the value of the computers linearly over the 8
years.
1. Based on the above information, value (y) is a function of time
(x). Compute the values of m and b that satisfy the equation y = mx + b.
a) Find m.
b) Find b.
2. What will the value of the computers be 5 years from now?
3. In the context of this problem, which of the following best
describes the meaning of the slope?
(a) The accumulated depreciation
(b) The depreciation per year
(c) The value of the computers at the end of a given year
(d) The purchase price
Mathematics Homework Solutions
#41443
Finite Mathematics - 20 Review Questions
Please see the attachment.
Problems 1-3 (also attached):
Acme Inc. has just purchased new computers for $60,000. Suppose that in 8 years the computers will have a salvage value of $8,000. The college plans to depreciate the value of the computers linearly over the 8 years.
1. Based on the above information, value (y) is a function of time (x). Compute the values of m and b that satisfy the equation y = mx + b.
a) Find m.
b) Find b.
2. What will the value of the computers be 5 years from now?
3. In the context of this problem, which of the following best describes the meaning of the slope?
(a) The accumulated depreciation
(b) The depreciation per year
(c) The value of the computers at the end of a given year
(d) The purchase price
What is this?
By OTA - Overall OTA Rating
Katherine Woo, PhD (IP) - 4.9/5
Purchase Cost Now
$2.19 CAD (was ~$59.85)
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- 05-24 math a.doc
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