Question

A company buys a new bulldozer for $116050. The company depreciates the bulldozer linearly over its useful life of 20

years. Its salvage value at the end of 20 years is $10050. Depreciation is the decrease or loss in value of the equipment due
to age, wear, or market conditions.
A) Express the value of the bulldozer, V, as a function of how many years old it is, t.

B) The value of the bulldozer after 8 years is $
PLEASE HELP ASAP

Answer 1

A. V = 116050 - 5300t

B. $73,650.

Explanation:

10050 = 116050 - 20k where k is the depreciation every year.

20k = 116050 - 10050 = 106000.

k = 106000 / 20

k = 5300

So the answer to A is:

V = 116050 - 5300t where t = number of years old the bulldozer is.

B. Value after 8 years

= 116050 - 5300*8

= 73,650 dollars.