A community for students.
Here's the question you clicked on:
 0 viewing
anonymous
 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
anonymous
 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

This Question is Closed

gw2011
 5 years ago
Best ResponseYou've already chosen the best response.01) 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).
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.