Frank’s Fight Milk Factory has a filling machine that initially cost $40, 000. Frank estimates that the useful life of the machine will be 12 years, at which time its salvage (scrap) value will be $4, 000. Assume that the price depreciates linearly. a. What is the rate of depreciation of the filling machine per year ? b. Write a linear function that gives the value of this machine in terms of the years t after its initial purchase (0 ≤ t ≤ 12). c. What will be the value of the machine in 6 years ?
Frank’s Fight Milk Factory has a filling machine that initially cost $40, 000. Frank estimates that the useful life of the machine will be 12 years, at which time its salvage (scrap) value will be $4, 000. Assume that the price depreciates linearly. a. What is the rate of depreciation of the filling machine per year ? b. Write a linear function that gives the value of this machine in terms of the years t after its initial purchase (0 ≤ t ≤ 12). c. What will be the value of the machine in 6 years ?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Problem 2:
Frank’s Fight Milk Factory has a filling machine that initially cost $40, 000. Frank estimates that the useful life of the machine will be 12 years, at which time its salvage (scrap) value will be $4, 000.
Assume that the price depreciates linearly.
a. What is the rate of depreciation of the filling machine per year ?
b. Write a linear function that gives the value of this machine in terms of the years t after its initial purchase (0 ≤ t ≤ 12).
c. What will be the value of the machine in 6 years ?
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