dawgs-mouse4
New member
- Joined
- Oct 20, 2010
- Messages
- 2
I am told to use an equation to model and solve this problem:
A company buys a copier for $10,000. The IRS values the copier at $10,000(1 - n/20) after n years. After how many years will the copier be valued at $6500?
I know that the answer is 7 years since I can see that n/20 = 5% per year, which is $500 per year in this case, but I don't know how to write the equation to model this. I'd really appreciate any help you can give me. Thanks! :?
A company buys a copier for $10,000. The IRS values the copier at $10,000(1 - n/20) after n years. After how many years will the copier be valued at $6500?
I know that the answer is 7 years since I can see that n/20 = 5% per year, which is $500 per year in this case, but I don't know how to write the equation to model this. I'd really appreciate any help you can give me. Thanks! :?