Math Problem Statement
Suppose that a company has just purchased a new computer for $2400. The company chooses to depreciate using the straight-line method for 3 years. (a) Write a linear function that expresses the book value V of the computer as a function of its age x. (b) What is the domain of the function found in part (a)? (c) Graph the linear function. (d) What is the book value of the computer after 2 years? (e) When will the computer have a book value of $ 1600$
Solution
Let’s solve this step-by-step.
(a) Writing the linear function for depreciation:
The straight-line depreciation method reduces the value of an asset by a fixed amount each year. For this problem:
- The initial value of the computer is .
- The depreciation period is 3 years.
- At the end of 3 years, the computer’s value will be .
The depreciation per year is:
The book value of the computer decreases by $800 each year, so the linear function representing the book value as a function of its age (in years) is:
Where:
- is the book value after years.
- is the age of the computer in years.
(b) Domain of the function:
The domain of the function corresponds to the time during which the depreciation takes place. The company depreciates the computer over 3 years, so the age must be between 0 and 3 years (inclusive). Therefore, the domain is:
(c) Graphing the linear function:
The function is a straight line with:
- Y-intercept , which represents the initial value.
- X-intercept at , where the book value drops to .
Let me sketch the graph for you.
(d) Book value after 2 years:
To find the book value after 2 years, substitute into the linear function:
So, the book value after 2 years is $800.
(e) When will the computer have a book value of $1600?
We can solve for by setting :
Now solve for :
So, the computer will have a book value of $1600 after 1 year.
Would you like the graph or further details on any step?
Here are 5 related questions:
- How does straight-line depreciation compare to other methods like declining balance?
- What would the function look like if the depreciation were over 5 years instead of 3?
- How would the function change if the initial value of the computer were $3000?
- What happens to the graph if the depreciation rate is not constant?
- How does the domain affect the graph of the depreciation function?
Tip: Always ensure the domain reflects the useful life of the asset in straight-line depreciation problems.
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Math Problem Analysis
Mathematical Concepts
Linear Functions
Depreciation
Algebra
Formulas
Depreciation rate = (Initial Value - Salvage Value) / Useful Life
V(x) = 2400 - 800x
Theorems
Linear Equation Theorem
Suitable Grade Level
Grades 9-11
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