A machine purchased for business use depreciates, or loses value, over a period of years. The value

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A machine purchased for business use depreciates, or loses value, over a period of years. The value of the machine at the end of its useful life is its scrap value. By one method of depreciation, the scrap value, S, is given byimage


where C is original cost, n is useful life in years, and r is the constant percent of depreciation.(a) Find the scrap value of a machine costing $30,000, having a useful life of 12 yr and a constant annual rate of depreciation of 15%. Round to the nearest dollar.(b) A machine has a “half-life” of 6 yr. Find the constant annual rate of depreciation, to the nearest percent.

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Intermediate Algebra

ISBN: 9780134895987

13th Edition

Authors: Margaret Lial, John Hornsby, Terry McGinnis

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