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Question

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?

Top Answer

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

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