Question
In the year 2009, Chris's motorcycle had a value of $16,000$16,000. When he bought the motorcycle in 2007 he paid $26,000$26,000. If the value of
In the year 2009, Chris's motorcycle had a value of $16,000$16,000. When he bought the motorcycle in 2007 he paid $26,000$26,000. If the value of the motorcycle depreciated linearly, what was the annual rate of change of the motorcycle's value? Round your answer to the nearest hundredth if necessary.
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South-Western Federal Taxation 2020 Comprehensive
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
43rd Edition
357109147, 978-0357109144
