An office machine is purchased for 7300 Assume that its

Last updated: 12/9/2023

An office machine is purchased for 7300 Assume that its salvage value V in dollars depreciates according to a method called double declining balance by 30 each year and is given by V t 7300 0 70 where t is the time in years after purchase a Find V 3 and explain its meaning b Find V 3 and explain its meaning c When will the salvage value of the office machine be half of the purchase price a V 3 2503 9 Round to the nearest cent as needed The expression V 3 means that after 3 year s the salvage value b V 3 Round to the nearest cent as needed is V 3 dollars