For tax purposes, you may have to report the value of your assets, such as cars or refrigerators. The value you report drops with time. "Straight-line depreciation" assumes that the value is a linear function of time. If 'a $1030 refrigerator depreciates completely in seven years, find a formula for its value as a function of time. Let x represent the time in years. y = dollars %3D

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter2: Functions And Graphs
Section2.3: Linear Functions And Slope
Problem 105E
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For tax purposes, you may have to report the value of your assets,
such as cars or refrigerators. The value you report drops with time.
"Straight-line depreciation" assumes that the value is a linear
function of time.
If 'a $1030 refrigerator depreciates completely in seven years,
find a formula for its value as a function of time.
Let x represent the time in years.
y =
dollars
%3D
Transcribed Image Text:For tax purposes, you may have to report the value of your assets, such as cars or refrigerators. The value you report drops with time. "Straight-line depreciation" assumes that the value is a linear function of time. If 'a $1030 refrigerator depreciates completely in seven years, find a formula for its value as a function of time. Let x represent the time in years. y = dollars %3D
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