Problem

Linear depreciation. A bulldozer was purchased by a construction company for $224,000 an...

Linear depreciation. A bulldozer was purchased by a construction company for $224,000 and has a depreciated value of $100,000 after 8 years. If the value is depreciated linearly from $224,000 to $100,000,

(A) Find the linear equation that relates value V (in dollars) to time t (in years).

(B) What would be the depreciated value after 12 years?

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