you buy a car for $15,000 and for tax purposes you depreciate it at a rate of 11% per year.
A) At the end of
24 months, what is the value of the car?
B) At the end of 5 years, what is the value of the car?
C) Find the exponential equation that gives the value of the car after t years
D) Does the value of the car ever reach $0?
I solved this two ways for you first by taking your value for each year multiplying by .11 and subtracting so in this method... View the full answer