The scrap value of a machine at the end of its useful life

Last updated: 7/28/2023

The scrap value of a machine at the end of its useful life is given by Sin C 1 1 where C is the original cost nis the useful life of the machine in years and r is the constant annual percentage of value lost Find the scrap value of the following machine Onginal cost 68 000 Mife 8 years annual rate of value lost 11 S Round to the nearest cent