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The following review will take you through most of the major procedures you'll need to know for the test. This review is part of the
The following review will take you through most of the major procedures you'll need to know for the test. This review is part of the first homework assignment. Show all work. Write your answers on a separate sheet of paper. 1. (12 points) A company purchased a fleet of 10 trucks for $200,000. For tax purposes the company will linearly depreciate the vehicles for six years and then sell them. The company can sell the trucks after 6 years for $70,000. Let y represent the value of the fleet of trucks, and let x represent the age of the fleet. a. Find the relationship between x and y. Put it in the form y = mx + b. b. What is the slope of the line? c. Give a verbal interpretation of the slope. d. What is the y-intercept? e. Give a verbal interpretation of the y-intercept
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