A bus was purchased for $80,000. Assuming the bus depreciates at a rate of $6,000 per year (straight-line depreciation) for the first 10 years, write the value v of the bus as a function of the time t (measured in years) for 0 ¡Ü t ¡Ü 10.

Question

v(t)= ____

Answer 1

V(t) = 80,000 - 6000t