Mathematics - Algebra - Depreciation
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A manufacturer buys $20,000 worth of machinery that depreciates linearly so that its trade-in value after 10 years will be $1,000.
a) Express the value of the machinery as a function of its age and draw the graph.
b) Compute the value of the machinery after 4 years.
c) When does the machinery become worthless?
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(a) Let the linear depreciation model be y = mx + b, where y is the value of the ...
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