Problem

Depreciation Smith Hauling purchased an 18-wheel truck for $100,000. The truck depre...

Depreciation Smith Hauling purchased an 18-wheel truck for $100,000. The truck depreciates at the constant rate of $10,000 per year for 10 years.

a. Write an expression that gives the value y after x years.

b. When is the value of the truck $55,000?

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Solutions For Problems in Chapter 1.A