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A company buys an office machine for $5200 on January 1 of a given year. the machine is expected to last for eight years at the...Asked by Jenna
A company buys an office machine for $5200 on January 1 of a given year. the machine is expected to last for eight years at the end of which time its trade in value or salvage value will be 1100$. if the company figures the decline in value to be the same each year than the book value or salvage value after T years ,0<t<8 is given by the linear function: v(t) =C-t (c-s/n)
Where c =the original cost of the item($5200), N=the number of years of expected life (8)& s=the salvage value ($1100)
A.) find the linear function for the straight line depreciation of the office machine
B.) find the salvage value after 0 years, 3years and 7 years.
My work: a.) v(t) =5200-t(5200-1100/8)
I don't think if this is correct which is why I cannot move on to part b so can someone please help??
Where c =the original cost of the item($5200), N=the number of years of expected life (8)& s=the salvage value ($1100)
A.) find the linear function for the straight line depreciation of the office machine
B.) find the salvage value after 0 years, 3years and 7 years.
My work: a.) v(t) =5200-t(5200-1100/8)
I don't think if this is correct which is why I cannot move on to part b so can someone please help??
Answers
Answered by
bobpursley
shouldn't the function really be
v(t) =C-t ([c-s]/n) ?
v(t) =C-t ([c-s]/n) ?
Answered by
Jenna
Yes that is what I meant to type
Answered by
Jenna
So would I be correct?
v(t) =5200-t([5200-1100]/8)
v(t) =5200-t([5200-1100]/8)
Answered by
Sri
im thinking so u r correct but how can u figure out b without v(t) and s:( im trying
Answered by
Sri
imm thinking that slavage value increase same every year , so expected years are 8 and value is 1100
i.e, 1100/8 = 137.5
now
V(0)=5200
v(3)=5200-3([5200-412.5]/8)
=5200-3(598.4)
=5200-1795.2
=3404.8
im not sure just a thought
i.e, 1100/8 = 137.5
now
V(0)=5200
v(3)=5200-3([5200-412.5]/8)
=5200-3(598.4)
=5200-1795.2
=3404.8
im not sure just a thought
Answered by
Jenna
I thought in the equation we would plug in what we know and then solve for t?
Answered by
Sri
we don't know 's' also right as it don't remain same for every 't'
the clue is given for 'S' increases same every year and we have to use it for the eqaution
the clue is given for 'S' increases same every year and we have to use it for the eqaution
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