e of $14,000 roughly 20 years after it was purchased. If we assume that the value of the tractor depreciates linearly from when it was first purchased.. 1) What is the annual rate of depreciation for the tractor? In
e of $14,000 roughly 20 years after it was purchased. If we assume that the value of the tractor depreciates linearly from when it was first purchased.. 1) What is the annual rate of depreciation for the tractor? In
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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A $75,000 tractor has a resale value of $14,000 roughly 20 years after it was purchased. If we assume that the value of the tractor depreciates linearly from when it was first purchased..
1) What is the annual rate of depreciation for the tractor? Include units with the answer.
2) Find a formula for the resale value (V) in years (t) after purchase if V is a linear function of t.
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