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Determine the function which expresses the book value

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Reference no: EM132947778

Question - A city purchased a new asphalt paving machine for RM300,000. The city comptroller states that the machine will be depreciated using a straight-line method. At the end of 8 years, the machine will be sold with an expected salvage value of RM60,000.

(a) Determine the function V(t) which expresses the book value of the machine V as a linear function of its age (t).

(b) What is the book value expected to be when the machine is 6 years old?

Reference no: EM132947778

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