Business: Straight-Line Depreciation A trucking company buys a satellite communication system for $78,000 and estimates its useful life to be 15 years, after which its scrap value will be $3000.
a. Use straight-line depreciation to find a formula for the value V of the system after t years, for 0 ≤ t ≤ 15.
b. Use your formula to find the value of the system after 8 years.
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