An office machine is purchased for 7900 Assume that its

Last updated: 10/22/2023

An office machine is purchased for 7900 Assume that its salvage value V in dollars depreciates according to a method called double declining balance by 20 each year and is given by V t 7900 0 80 where t is the time in years after purchase a Find V 7 and explain its meaning b Find V 7 and explain its meaning c When will the salvage value of the office machine be half of the purchase price a V 7 Round to the nearest cent as needed