A piece of machinery is purchased for $500,000. Accountants have decided to use a straight-line depreciation method with the machine being fully depreciated after 12 years. Letting V equal the book value of the machine; a) Assuming that there is no salvage value, determine the function V=f (t). b) If the machine can be resold after 12 years for $60,000. Determine the function V=f (t)

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a we all know that initial price of the machinery at time t0 is 500000 its been on condition t... View the full answer