book value

  1. math_celebrity

    A new car worth $30,000 is depreciating in value by $3,000 per year. After how many years will the c

    A new car worth $30,000 is depreciating in value by $3,000 per year. After how many years will the cars value be $9,000 Step 1, the question asks for Book Value. Let y be the number of years since purchase. We setup an equation B(y) which is the Book Value at time y. B(y) = Sale Price -...
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    After 5 years, a car is worth $22,000. It’s value decreases by $1,500 a year, which of the following

    After 5 years, a car is worth $22,000. It’s value decreases by $1,500 a year, which of the following equations could represent this situation? Group of answer choices Let y be the number of years since 5 years. Our Book value B(y) is: B(y) = 22,000 - 1500y
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    A car who’s original value was $25600 decreases in value by $90 per month. How Long will it take bef

    A car who’s original value was $25600 decreases in value by $90 per month. How Long will it take before the cars value falls below $15000 Let m be the number of months.We have our Book Value B(m) given by: B(m) = 25600 - 90m We want to know when the Book value is less than 15,000. So we have...
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    Jack bought a car for $17,500. The car loses $750 in value each year. Which equation represents the

    Jack bought a car for $17,500. The car loses $750 in value each year. Which equation represents the situation? Let y be the number of years since Jack bought the car. We have a Book value B(y): B(y) = 17500 - 750y
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    A car is purchased for $19000. After each year, the resale value decreases by 30% . What will the re

    A car is purchased for $19000. After each year, the resale value decreases by 30% . What will the resale value be after 4 years? Set up a book value function B(t) where t is the number of years after purchase date. If an asset decreases by 30%, we subtract it from the original 100% of the...
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    The value of a company van is $15,000 and decreased at a rate of 4% each year. Approximate how much

    The value of a company van is $15,000 and decreased at a rate of 4% each year. Approximate how much the van will be worth in 7 years. Each year, the van is worth 100% - 4% = 96%, or 0.96. We have the Book value equation: B(t) = 15000(0.96)^t where t is the time in years from now. The problem...
  7. math_celebrity

    A vehicle purchased for $25,000 depreciates at a constant rate of 5%. Determine the approximate valu

    A vehicle purchased for $25,000 depreciates at a constant rate of 5%. Determine the approximate value of the vehicle 11 years after purchase. Round to the nearest whole dollar. Depreciation at 5% means it retains 95% of the value. Set up the depreciation equation to get Book Value B(t) at time...
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    In 2016, National Textile installed a new textile machine in one of its factories at a cost of $300,

    In 2016, National Textile installed a new textile machine in one of its factories at a cost of $300,000. The machine is depreciated linearly over 10 years with a scrap value of $10,000. (a) Find an expression for the textile machines book value in the t th year of use (0 ≤ t ≤ 10) We have a...
  9. math_celebrity

    A brand new car that is originally valued at $25,000 depreciates by 8% per year. What is the value o

    A brand new car that is originally valued at $25,000 depreciates by 8% per year. What is the value of the car after 6 years? The Book Value depreciates 8% per year. We set up a depreciation equation: BV(t) = BV(0) * (1 - 0.08)^t The Book Value at time 0 BV(0) = 25,000. We want the book value...
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