chilledsoup
New member
- Joined
- Aug 17, 2005
- Messages
- 19
Suppose a dump truck purchased new for $150,000 by the ABC construction company has an expected useful life of 10 years and has an expected salvage value of $30,000 at the end of that time. IRS allows the loss in value of the truck as a deductible expense of doing 'business. Although there are a number of methods for determining the annual amount of depreciation, the simplest is the straight-line method. Using this model, the company assumes that the value V, at any time, t, can be represented by a straight line that contains the two ordered pairs, (0, 150,000) and (10,30,000).
a. Describe how to interpret the two ordered pairs.
b. Determine the equation of the line that passes through the two ordered pairs and draw the graph.
c. Interpret the slope within the context of the problem. What does the y-intercept stand for?
d. What are the domain and range of the linear function in (b)? How does this differ trom the domain and range within context of problem?
a. Describe how to interpret the two ordered pairs.
b. Determine the equation of the line that passes through the two ordered pairs and draw the graph.
c. Interpret the slope within the context of the problem. What does the y-intercept stand for?
d. What are the domain and range of the linear function in (b)? How does this differ trom the domain and range within context of problem?