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Discuss about the straight-line depreciation

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Reference no: EM131595557

Question: 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 $950 refrigerator depreciates completely in seven years, find a formula for its value as a function of time.

Reference no: EM131595557

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