Straight-Line Depreciation. A contractor buys a new truck for $38,000. The truck is purchased on January 1 and is expected to last 5 years, at the end of which time its trade-in, or salvage, value will be $16,500. If the company figures the decline or depreciation in value to be the same each year, then the salvage value V, after t years, is given by the linear function.
V(t) = $38,000 − $4300t, for 0 ≤ t ≤ 5.
a) Find V(0), V(1), V(2), V(3), and V(5).
b) Find the domain and the range of this function.
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