Hw1 - Math 1313 Homework 1 Sections 1.3 Use the following...

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Math 1313 Homework 1 Sections 1.3 1 Use the following problem to answer questions 1 – 3. A $1,000,000 building is depreciated linearly over 40 years. The scrap value will be $0. 1. Find the rate of depreciation. a. -$25,000 b. -$1,000,000 c. $1,000,000 d. $25,000 e. $960,000 f. None of the above. 2. Find an expression for the building value in the t th year of use (0 < t < 40). a. V(t) = -25,000t b. V(t) = -25,000t + 1,000,000 c. V(t) = 25,000t - 1,00,000 d. V(t) = 25,000t + 1,000,000 e. V(t) = 25,000t f. None of the above. 3. Find the building value at the end of the 18 th year. a. $450,000 b. $600,000 c. $200,000 d. $400,000 e. $550,000 f. None of the above. Use the following problem to answer questions 4 and 5. In 2001 a company installed a new machine in one of its factories at a cost of $580,000. The machine is linearly depreciated over 24 years with a scrap value of $16,000. 4. Find an expression for the machine value in the t th year of use (0 < t < 24). a.
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Hw1 - Math 1313 Homework 1 Sections 1.3 Use the following...

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