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  • 5 years ago

Zeller Industries bought a piece of weaving equipment for $60000. It is expected to depreciate at an average rate of 10% per yer. 1. Write an equation for the value of the piece of equipment after t years. 2. Find the Value of the piece of equipment after 6 years. help and explain please

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  1. gw2011
    • 5 years ago
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    1) Let C = The cost of the equipment Let t = Years Let V = The value of the equipment The equation then becomes: C - (0.10) (C) (t) = V 2) $60,000 - (0.10) ($60,000) (6) = $60,000 - $36,000 = $24,000 Value Since the depreciation is a constant of 10% per year, then what you need to do is to multiply the depreciation percent by the number of years that the equipment is depreciated. This gives you the accumulated depreciation. Then subtract this accumulated depreciation from the original cost of the equipment and you get the value of the equipment (this value is called the Book Value).

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